XAUUSD Technical Analysis 07.08.2023 1h chart

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– Previous Weekly candle closed Bearish at 1942.600 respecting the Weekly Resistance formed previously around 1962.100.
– Buys on close above 1946.400 targeting 1h Resistance at 1952.800, Leaving Runners to the next 1h Resistance formed around 1957.200.
– Sells on close below 1938.800 targeting Daily Support formed on Friday at 1934.100, Leaving Runners to the 4h previous Resistance formed on 5th July 2023 at 1929.500.
– Medium Impact News ahead of the New York session as FOMC Member Harker due to speak about the economic outlook at an event hosted by Philadelphia Business Journal.

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