XAUUSD Technical Analysis 16.05.2023 1h chart

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– Previous Daily candle closed Bullish at 2016.400 forming Daily Support at 2011.100 as price has been ranging overall on Monday.
– Buys on close above 2021.000 targeting 15min previous Support formed on 11th May 2023 at 2027.200, Leaving Runners to the Daily Resistance formed at 2034.600
– Sells on close below 2009.400 targeting 1h Support at 2002.900, Leaving Runners to the previous Daily Resistance formed on 26th April 2023 at 1997.100.
– High Impact News ahead for the US 30min after New York session open for Core Retail Sales m/m and Retail Sales m/m.

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