XAUUSD Technical Analysis 31.07.2023 1h chart

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– Previous Weekly candle closed weak Bearish at 1959.300 forming weak Weekly Resistance at 1961.900, Friday Daily candle closed Bullish at 1959.400 forming Daily Support at 1945.100.
– Buys on close above 1963.600 targeting 4h previous Support formed on 26th July 2023 at 1970.000, Leaving Runners to the 4h Resistance formed at 1976.800.
– Sells on close below 1955.000 targeting 4h Support formed at 1949.600, Leaving Runners to the Daily Support formed on Friday at 1944.300.
– Ideally is to allow the Asian session to form a new Range for the Week ahead and potentially have a higher probability trading setup around the Pre London / London open.

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