XAUUSD Technical Analysis 11.05.2023 1h chart

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– Previous Daily candle closed Bearish at 2029.700 forming new Daily Resistance at 2034.600 leaving a Rejection wick to the upside.
– Buys on close above 2033.100 targeting 30min Resistance at 2038.300, Leaving Runners to the 4h Resistance at 2045.700.
– Sells on close below 2025.100 targeting 4h Support at 2020.200, Leaving Runners to the Daily Support formed at 2016.700.
– High Impact News ahead for the New York session starting with Core PPI m/m, PPI m/m, Unemployment Claims, followed by FOMC Member Waller speech and 30-y Bond Auction.

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