XAUUSD Technical Analysis 08.12.2023 1h chart
– Previous Daily candle closed weak Bullish around 2028.700 respecting Daily Support formed on Wednesday.
– Buys on close above 2031.400 targeting 4h Resistance around 2037.400, Leaving Runners to the 15min previous Support formed on 4th December 2023.
– Sells on close below 2025.200 targeting 4h Support formed around 2020.700, Leaving Runners to the 1h Strong Support formed around 2014.700.
– High Impact News ahead of the New York session for the US Dollar, starting with Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate. Followed by Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations, High Volatility expected.
– Buys on close above 2031.400 targeting 4h Resistance around 2037.400, Leaving Runners to the 15min previous Support formed on 4th December 2023.
– Sells on close below 2025.200 targeting 4h Support formed around 2020.700, Leaving Runners to the 1h Strong Support formed around 2014.700.
– High Impact News ahead of the New York session for the US Dollar, starting with Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate. Followed by Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations, High Volatility expected.