XAUUSD Technical Analysis 27.07.2023 1h chart
– Previous Daily candle closed Bullish at 1972.200 closing below Daily Resistance formed on Wednesday 19th July 2023 and respecting Daily Support formed on Tuesday this week aswell.
– Buys on close above 1977.600 targeting 1h Resistance formed at 1983.000, Leaving Runners to the Monthly Resistance formed in May 2023 at 1989.600.
– Sells on close below 1966.700 targeting 1h Support formed at 1962.200, Leaving Runners to the 1h Support formed at 1956.600.
– High Impact News ahead of the New York session for the US Dollar, We have Advance GDP q/q and Unemployment Claims followed by Advance GDP Price Index q/q, Core Durable Goods Orders m/m, Durable Goods Orders m/m and Pending Home Sales, High Volatility expected during this session.
– Buys on close above 1977.600 targeting 1h Resistance formed at 1983.000, Leaving Runners to the Monthly Resistance formed in May 2023 at 1989.600.
– Sells on close below 1966.700 targeting 1h Support formed at 1962.200, Leaving Runners to the 1h Support formed at 1956.600.
– High Impact News ahead of the New York session for the US Dollar, We have Advance GDP q/q and Unemployment Claims followed by Advance GDP Price Index q/q, Core Durable Goods Orders m/m, Durable Goods Orders m/m and Pending Home Sales, High Volatility expected during this session.
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