XAUUSD Technical Analysis 30.10.2023 1h chart

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– Previous Weekly candle closed Bullish around 2006.000 breaking above Strong Key Level (2000.000), Friday Daily candle also closed Bullish breaking out of the recent Daily Consolidation Zone
– Buys on close above 2010.000 targeting Weekly Resistance formed on 8th May 2023 around 2017.000, Leaving Runners to the Weekly High formed on 15th May 2023 around 2022.400.
– Sells on close below 2002.100 targeting 30min previous Resistance formed on 20th October 2023 around 1997.000, Leaving Runners to the 4h previous Resistance formed around 1992.300.
– Ideally is to allow price to form a new Range for the new Weekly candle, Also the Monthly candle closing on Tuesday 31st so price could possibly Range, Strong Confirmation for an Entry and Risk Management is a Must.

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