XAUUSD Technical Analysis 16.06.2023 1h chart

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– Previous Daily candle closed Bullish at 1958.000 back within the Daily Range forming new Daily Support at 1942.000 as price rejects the Monthly previous Resistance formed in February 2023.
– Buys on close above1960.300 targeting Daily Resistance formed at 1965.600, Leaving Runners to the 4h Resistance at 1970.000.
– Sells on close below 1953.000 targeting Weekly Support formed at 1948.000, Leaving Runners to the Daily Support formed at 1942.200.
– High Impact News ahead of the New York session starting with FOMC Member Waller participating in a panel discussion titled ” Challenges Facing Macroeconomic Policy ” at the Norges Bank, the International Monetary Fund and the IMF Economic Review joint conference on ” The Future of Macroeconomics Policy” in Olso. We also have Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.

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