XAUUSD Technical Analysis 13.11.2023 1h chart
– Previous Weekly candle closed strong Bearish at 1938.400, Friday Daily candle closed Bearish forming new Daily Resistance around 1958.600.
– Buys on close above 1945.900 targeting 4h Resistance around 1953.600, Leaving Runners to the next 4h Resistance formed around 1959.300.
– Sells on close below 1933.000 targeting 4h previous Resistance formed on 17th October 2023 around 1926.400, Leaving Runners to the Daily Support formed on 17th October 2023 around 1920.000.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for Pre London / London open for high volume time.
– Buys on close above 1945.900 targeting 4h Resistance around 1953.600, Leaving Runners to the next 4h Resistance formed around 1959.300.
– Sells on close below 1933.000 targeting 4h previous Resistance formed on 17th October 2023 around 1926.400, Leaving Runners to the Daily Support formed on 17th October 2023 around 1920.000.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for Pre London / London open for high volume time.