XAUUSD Technical Analysis 06.06.2023 1h chart

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– Previous Daily candle closed Bullish at 1961.900 forming Daily Support at 1948.000 as price respected the Daily Supports formed on the left.
– Buys on close above 1965.500 targeting 30min previous Support formed on Friday 2nd June 2023 at 1971.000, Leaving Runners to the Daily Resistance formed at 1977.600.
– Sells on close below 1957.100 targeting 30min previous Resistance formed on Friday 2nd June 2023 at 1953.400, Leaving Runners to the Daily Support formed on Monday this week at 1948.000.
– There is a probability for price to retest Daily Resistance formed on Friday last week.

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