XAUUSD Technical Analysis 18.07.2023 1h chart

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– Previous Daily candle closed Doji Bearish at 1955.000 as price continues to range within the 4h timeframe.
– Buys on close above 1962.900 targeting Weekly previous Support formed on 3rd April 2023 at 1969.200, Leaving Runners to the 4h previous Support formed on 2nd June 2023 at 1975.300.
– Sells on close below 1948.700 targeting 1h previous Support formed on 12th July 2023 at 1941.200, Leaving Runners to the 4h Support formed at 1934.200.
– High Impact News ahead of the New York session, Core Retail Sales m/m and Retail Sales m/m to be released 30min after New York session opens, followed by Industrial Production m/m. High Volatility expected during the news release.

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