XAUUSD Technical Analysis 13.12.2023 1h chart
– Previous Daily candle closed weak Bearish around 1979.300 leaving a Rejection wick around 1996.800.
– Buys on close above 1983.700 targeting 1h Strong Resistance formed around 1988.500, Leaving Runners to the 1h previous Support formed around 1992.800.
– Sells on close below 1976.000 targeting 4h Support formed around 1968.100, Leaving Runners to the previous Daily Resistance formed on 15th November 2023 around 1963.300.
– High Impact News ahead for the US Dollar at the New York session starting with Core PPI m/m and PPI m/m. later on followed by Federal Funds Rate, FOMC Economic Projections, FOMC Statement and the FOMC Press Conference, Federal Reserve expected to maintain interest rates at 5.50%. High Volatility expected.
– Buys on close above 1983.700 targeting 1h Strong Resistance formed around 1988.500, Leaving Runners to the 1h previous Support formed around 1992.800.
– Sells on close below 1976.000 targeting 4h Support formed around 1968.100, Leaving Runners to the previous Daily Resistance formed on 15th November 2023 around 1963.300.
– High Impact News ahead for the US Dollar at the New York session starting with Core PPI m/m and PPI m/m. later on followed by Federal Funds Rate, FOMC Economic Projections, FOMC Statement and the FOMC Press Conference, Federal Reserve expected to maintain interest rates at 5.50%. High Volatility expected.
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