XAUUSD Technical Analysis 31.08.2023 1h chart

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– Previous Daily candle closed Bullish at 1942.500 almost tapping into a Strong Key Level around 1950s.
– Buys on close above 1947.600 targeting 1h Resistance at 1953.200, Leaving Runners to the Strong Weekly Resistance formed between June and July 2023 around 1961.800.
– Sells on close below 1935.000 targeting 4h previous Resistance formed on 9th August 2023 at 1930.000, Leaving Runners to the 4h previous Resistance formed on 29th August 2023 at 1924.000.
– High impact news ahead of the New York session for the US Dollar, Core PCE Price Index m/m and Unemployment Claims. High Volatility expected during data release.

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