XAUUSD Technical Analysis 27.01.2023 1h chart
– Previous Daily candle closed Bearish at 1929.200 forming Daily Resistance at 1946.400 as current Weekly candle retracing to possibly closing below Monthly Resistance formed in April 2022.
– Buys on close above 1931.500 targeting 4h Resistance at 1937.800, Leaving Runners to the 30min Resistance at 1943.800.
– Sells on close below 1922.000 targeting 1h Support at 1916.500, Leaving Runners to the 1h previous Support formed on 19th January 2023 at 1912.600.
– High Impact News ahead for the Core PCE Price Index m/m 30min after New York session open, followed by Pending Home Sales m/m and Revised UoM Consumer Sentiment during the New York Stock Exchange session.(S.R Trading Club)
– Previous Daily candle closed Bearish at 1929.200 forming Daily Resistance at 1946.400 as current Weekly candle retracing to possibly closing below Monthly Resistance formed in April 2022.
– Buys on close above 1931.500 targeting 4h Resistance at 1937.800, Leaving Runners to the 30min Resistance at 1943.800.
– Sells on close below 1922.000 targeting 1h Support at 1916.500, Leaving Runners to the 1h previous Support formed on 19th January 2023 at 1912.600.
– High Impact News ahead for the Core PCE Price Index m/m 30min after New York session open, followed by Pending Home Sales m/m and Revised UoM Consumer Sentiment during the New York Stock Exchange session.(S.R Trading Club)