XAUUSD Technical Analysis 06.11.2023 1h chart
– Previous Weekly candle closed small Bearish at 1992.500 forming Weekly Resistance around 2006.200, Friday Daily candle closed small Bullish forming a Rejection wick to the upside.
– Buys on close above 1995.300 targeting 4h Resistance around 2000.500, Leaving Runners to the Daily Resistance formed on Tuesday 31st October 2023 around 2006.200.
– Sells on close below 1990.300 targeting 4h Support around 1985.600, Leaving Runners to the next 4h Support formed around 1981.600.
– Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.
– Buys on close above 1995.300 targeting 4h Resistance around 2000.500, Leaving Runners to the Daily Resistance formed on Tuesday 31st October 2023 around 2006.200.
– Sells on close below 1990.300 targeting 4h Support around 1985.600, Leaving Runners to the next 4h Support formed around 1981.600.
– Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.