XAUUSD Technical Analysis 31.10.2023 1h chart

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– Previous Daily candle closed Bearish around 1996.200 forming Daily Resistance around 2006.200.
– Buys on close above 2001.000 targeting Daily Resistance formed around 2006.200, Leaving Runners to the 4h Resistance formed on 16th May 2023 around 2012.200.
– Sells on close below 1993.400 targeting previous Monthly Resistance formed in May 2023 at 1989.600, Leaving Runners to the 1h previous Resistance formed around 1983.600.
– High Impact News ahead of the New York session starting with Employment Cost Index q/q, CB Consumer Confidence, followed by S&P/CS Composite- HPI y/y and Chicago PMI. High Volatility expected.

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