XAUUSD Technical Analysis 07.06.2023 1h chart
– Previous Daily candle closed weak Bullish at 1963.500 as price forming new 4h Range between 1957.000 and 1966.000 level.
– Buys on close above 1966.400 targeting 30min previous Support formed on 2nd June 2023 at 1971.000, Leaving Runners to the Daily Resistance formed around 1977.600.
– Sells on close below 1957.100 targeting 30min previous Resistance formed on 2nd June 2023 at 1953.400, Leaving Runners to the Daily Support formed on Monday this week around 1948.000
– Overall the No Trade Zone and both targets for Buys and Sells remained the same as Tuesday price action have respected the No Trade Zone and ranged within.
– Buys on close above 1966.400 targeting 30min previous Support formed on 2nd June 2023 at 1971.000, Leaving Runners to the Daily Resistance formed around 1977.600.
– Sells on close below 1957.100 targeting 30min previous Resistance formed on 2nd June 2023 at 1953.400, Leaving Runners to the Daily Support formed on Monday this week around 1948.000
– Overall the No Trade Zone and both targets for Buys and Sells remained the same as Tuesday price action have respected the No Trade Zone and ranged within.
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