XAUUSD Technical Analysis 09.05.2023 1h chart
– Previous Daily candle closed Bullish at 2021.400 forming weak Daily Support at 2016.700.
– Buys on close above 2027.100 targeting 4h previous Support formed at 2034.100, Leaving Runners to the 1h Resistance formed at 2039.400.
– Sells on close below 2019.800 targeting Daily Support formed at 2016.700, Leaving Runners to the 4h Support formed at 2010.500.
– Ideally is to the allow the Asian session to consolidate and wait for better confirmations around Pre London or London open.
– Buys on close above 2027.100 targeting 4h previous Support formed at 2034.100, Leaving Runners to the 1h Resistance formed at 2039.400.
– Sells on close below 2019.800 targeting Daily Support formed at 2016.700, Leaving Runners to the 4h Support formed at 2010.500.
– Ideally is to the allow the Asian session to consolidate and wait for better confirmations around Pre London or London open.
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