XAUUSD Technical Analysis 12.06.2023 1h chart

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– Previous Weekly candle closed Bullish at 1961.300 forming Weekly Support around 1948.000, Friday Daily candle closed Bearish forming Daily Resistance around 1965.600
– Buys on close above 1967.300 targeting 1h previous Support formed on 2nd June 2023 at 1975.000, Leaving Runners to the 4h Resistance formed at 1980.600.
– Sells on close below 1958.300 targeting 15min low formed on Thursday 8th June 2023 at 1954.200, Leaving Runners to the 1h previous Resistance formed on 8th June 2023 at 1948.600.
– Overall the Friday Daily candle has being consolidating so ideally is to wait for price to breakout of the 4h range with strong confirmation.

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