XAUUSD Technical Analysis 29.05.2023 1h chart

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– Previous Weekly candle closed Bearish at 1946.900 breaking and closing below Weekly Support formed on 3rd April 2023, Daily closed Bullish forming Support at 1940.400.
– Buys on close above 1950.500 targeting Daily previous Support formed on 19th May 2023 at 1957.500, Leaving Runners to the 4h Resistance formed at 1962.500.
– Sells on close below 1940.200 targeting 30min Support formed on 17th March 2023 at 1935.000, Leaving Runners to the 4h Support formed on 17th March 2023 at 1928.400.
– Monday Bank Holiday in observance of Memorial Day, Volume may be lower than usual as US Banks will be closed.

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