XAUUSD Technical Analysis 05.06.2023 1h chart

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– Previous Weekly candle closed weak Bullish at 1948.000 forming weak Weekly Support around 1946.600, Friday Daily candle closed Strong Bearish forming Daily Resistance around 1977.600.
– Buys on close above 1953.500 targeting 4h previous Support formed on 1st June 2023 at 1960.200, Leaving Runners to the 15min Resistance formed around 1966.500.
– Sells on close below 1943.200 targeting previous Monthly Resistance formed in April 2022 around 1937.500, Leaving Runners to the 4h Support formed around 1932.200.
– ISM Services PMI data to be released during the New York session forecasting 52.6, previously was 51.9.

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