XAUUSD Technical Analysis 25.10.2023 1h chart
– Previous Daily candle closed Doji Bearish around 1971.000 forming a Rejection wick to the downside.
– Buys on close above 1981.000 targeting 30min Resistance formed around 1986.800, Leaving Runners to the 1h Resistance formed around 1991.800.
– Sells on close below 1969.000 targeting 30min strong Support formed around 1963.200, Leaving Runners to the 1h previous Resistance formed on 18th October 2023 around 1957.200.
– High Impact News ahead of the New York session for the US Dollar starting with New Home Sales, Later on the day we have Fed Chair Powell due to deliver opening remarks at the Moynihan Lecture in Social Science and Public Policy in Washington DC.
– Buys on close above 1981.000 targeting 30min Resistance formed around 1986.800, Leaving Runners to the 1h Resistance formed around 1991.800.
– Sells on close below 1969.000 targeting 30min strong Support formed around 1963.200, Leaving Runners to the 1h previous Resistance formed on 18th October 2023 around 1957.200.
– High Impact News ahead of the New York session for the US Dollar starting with New Home Sales, Later on the day we have Fed Chair Powell due to deliver opening remarks at the Moynihan Lecture in Social Science and Public Policy in Washington DC.