XAUUSD Technical Analysis 02.06.2023 1h chart

241
– Previous Daily candle closed strong Bullish at 1977.600 within the recent Daily Resistance formed last week.
– Buys on close above 1983.000 targeting 1h Resistance at 1989.100, Leaving Runners to the Monthly Resistance formed in May 2023 around 1995.100.
– Sells on close below 1975.000 targeting 4h previous Resistance around 1970.000, leaving Runners to the 4h Support formed at 1960.400.
– High Impact News ahead of the New York session for the US Dollar as follow : Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate. High Volatility expected during the New York session leading to the London session close.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.