XAUUSD Technical Analysis 29.08.2023 1h chart

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– Previous Daily candle closed Bullish at 1920.200 forming new Daily Support around 1914.300.
– Buys on close above 1925.300 targeting 4h previous Support formed on 4th August 2023 at 1932.800, Leaving Runners to the 4h Resistance formed at 1938.300.
– Sells on close below 1914.000 targeting 4h Support formed at 1909.700, Leaving Runners to the 1h Support formed at 1904.000.
– High impact news ahead of the New York session open starting with S&P/CS Composite-20 HPI y/y, followed by CB Consumer Confidence and JOLTS Job Openings, High Volatility expected during this session.

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