XAUUSD Technical Analysis 26.01.2023 1h chart
– Previous Daily candle closed strong Bullish at 1946.300 grabbing Liquidity from the previous Daily Resistance formed on 16th January 2023.
– Buys on close above 1948.100 targeting 4h / 1h Resistance formed on 22nd April 2022 at 1953.200, Leaving Runners to the Daily Resistance formed on 21st April 2022 at 1957.500.
– Sells on close below 1940.000 targeting 1h previous Support formed on Wednesday Pre London session open at 1933.700, Leaving Runners to the Daily Support formed on Monday 23rd January 2023 at 1926.000.
– Tomorrow is expected to be a high volatile day for the US dollar in the financial market as several high-impact news events are scheduled to take place, These events include Advance GDP q/q, Advance GDP Price Index m/m, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Unemployment Claims and New Home Sales, All news to be released 30min after New York session opens leading to New York Stock Exchange session. ( S.R Trading Club )
– Previous Daily candle closed strong Bullish at 1946.300 grabbing Liquidity from the previous Daily Resistance formed on 16th January 2023.
– Buys on close above 1948.100 targeting 4h / 1h Resistance formed on 22nd April 2022 at 1953.200, Leaving Runners to the Daily Resistance formed on 21st April 2022 at 1957.500.
– Sells on close below 1940.000 targeting 1h previous Support formed on Wednesday Pre London session open at 1933.700, Leaving Runners to the Daily Support formed on Monday 23rd January 2023 at 1926.000.
– Tomorrow is expected to be a high volatile day for the US dollar in the financial market as several high-impact news events are scheduled to take place, These events include Advance GDP q/q, Advance GDP Price Index m/m, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Unemployment Claims and New Home Sales, All news to be released 30min after New York session opens leading to New York Stock Exchange session. ( S.R Trading Club )