XAUUSD Technical Analysis 20.11.2023 1h chart
– Previous Weekly candle closed strong Bullish at 1980.700 forming strong Weekly Support around 1938.400, Friday Daily candle closed weak Bearish forming weak Daily Resistance around 1981.400.
– Buys on close above 1984.800 targeting 30min Resistance formed around 1990.200, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200.
– Sells on close below 1978.700 targeting 4h previous Resistance formed around 1971.700, Leaving Runners to the 1h Support formed around 1964.200.
– As a new Weekly candle opening, Ideally is to allow the Asian session to form a new range and wait for Pre London / London session leading to New York session for high volume time.
– Buys on close above 1984.800 targeting 30min Resistance formed around 1990.200, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200.
– Sells on close below 1978.700 targeting 4h previous Resistance formed around 1971.700, Leaving Runners to the 1h Support formed around 1964.200.
– As a new Weekly candle opening, Ideally is to allow the Asian session to form a new range and wait for Pre London / London session leading to New York session for high volume time.