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XAUUSD Technical Analysis 22.08.2023 1h chart– Previous Daily candle closed Bullish at 1894.900 forming Daily Support at 1889.200. – Buys on close above 1897.500 targeting 30min Resistance formed at 1902.600, Leaving Runners to the Daily previous Support formed on 29th June 2023 at 1907.600. – Sells on close below 1885.500 targeting 30min previous Resistance formed on 13th March 2023 at 1880.200, Leaving Runners to the Daily previous Resistance formed on 9th February 2023 at 1875.600. – Medium impact news ahead of the New York session open, Existing Home Sales and Richmond Manufacturing Index
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 22.08.2023 1h chart– Previous Daily candle closed strong Bullish at 186.430 breaking and closing above Daily Resistance formed on Thursday 17th August 2023, Monday Daily candle also formed Support around 184.900. – Buys on close above 186.750 targeting previous Daily Resistance formed on 31st August 2015 at 187.500, Leaving Runners to the Daily Resistance formed on 19th November 2015 at 188.370. – Sells on close below 186.120 targeting 4h previous Support formed on 16th August 2023 at 185.550, Leaving Runners to the 1h Strong Support formed at 185.100. – Price is trading at strong higher timeframe Resistance on the Monthly and Weekly, so we could possibly see a weekly Rejection, Also the current Weekly candle hasn’t formed a bottom wick either. despite the price being extremely Bullish it is important to pay attention to where price trading at the moment.
by SalimFX20
XAUUSD Technical Analysis 21.08.2023 1h chart– Previous Weekly candle closed Bearish at 1889.500 below the Weekly Rejection formed in June 2023, Weekly candle also broke below July and June’s Monthly low, Friday Daily candle closed weak Bullish forming weak Daily Support formed around 1889.600 as price has been consolidating on the lower timeframe. – Buys on close above 1894.300 targeting 4h Resistance at 1900.000, Leaving Runners to the next 4h Resistance formed at 1905.600. – Sells on close below 1886.200 targeting 30min previous Resistance formed on 13th March 2023 at 1880.200, Leaving Runners to the Daily previous Resistance formed on 9th February 2023 at 1875.600. – As Friday Daily candle closed weak Bullish forming weak Daily Support, Ideally is to allow price to retrace and retest the previous broken Support on the Daily timeframe or even retest 1900s Key Level allowing the new Weekly candle to form the top wick before continuing with the current Bearish trend.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 21.08.2023 1h chart– Previous Weekly candle closed Bullish around 185.040 leaving a Rejection at 186.490 as price approach strong Monthly Resistance formed in November 2015, Friday Daily candle closed Bearish respecting Daily Resistance formed on Thursday last week. – Buys on close above 185.290 targeting 1h Resistance formed at 185.670, Leaving Runners to the Daily Resistance formed at 186.250 – Sells on close below 184.560 targeting 4h Resistance formed on 14th August 2023 at 184.060, Leaving Runners to the 4h Support formed at 183.610. – Ideally is to allow the Asian session to form new Price Action for the new Weekly candle and wait for a higher probability set up around Pre London session.
by SalimFX20
XAUUSD Technical Analysis 18.08.2023 1h chart– Previous Daily candle closed bearish at 1889.200 with small body candle. – Buys on close above 1892.000 targeting 4h Resistance at 1899.500, Leaving Runners to the 1h Resistance formed at 1904.800. – Sells on close below 1885.100 targeting 30min previous Resistance formed on 13th March 2023 at 1880.200, Leaving Runners to the 1h Support formed on that same day at 1873.200. – Ideally is to allow the Asian session to consolidate and wait for a much stronger confirmation around Pre London open.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 18.08.2023 1h chart– Previous Daily candle closed Bearish at 185.790 forming Daily Resistance at 186.250. – Buys on close above 186.020 targeting 4h Resistance at 186.470, Leaving Runners to the Daily previous Resistance formed on 5th November 2015 at 187.020. – Sells on close below 185.510 targeting 4h previous Resistance at 185.200, Leaving Runners to the 4h Support formed at 184.810. – Medium impact news ahead of the Pre London open for the UK Retail Sales m/m, High Volatility expected at the London open.
by SalimFX20
XAUUSD Technical Analysis 17.08.2023 1h chart– Previous Daily candle closed Bearish at 1891.900 breaking below Strong Key Level (2000s), Overall price has been ranging between 1900s and 1907 prior to the drop below 1900s. – Buys on close above 1898.400 targeting 4h Resistance formed at 1905.400, Leaving Runners to the next 4h Resistance formed at 1912.000. – Sells on close below 1887.700 targeting 30min previous Resistance formed on 13th March 2023 at 1880.200, Leaving Runners to the 1h Support formed on 13th March 2023 at 1873.200. – High Impact News ahead of the New York session for the US Dollar as follow : Unemployment Claims and Philly Fed Manufacturing Index, High Volatility expected during this session
OANDA:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 17.08.2023 1h chart– Previous Daily candle closed strong Bullish at 186.250 as price tap into the Strong Monthly Resistance formed in November 2015. – Buys on close above 186.350 targeting Daily previous Resistance formed on 5th November 2015 at 187.000, Leaving Runners to the Weekly Rejection area from November 2015 at 187.400. – Sells on close below 185.510 targeting 4h previous Resistance formed at 185.200, Leaving Runners to the next 4h Support formed at 184.610. – Ideally is to allow price to pullback below 186 level and consolidate, to then have a nice setup for high volume time leading to Pre London open.
by SalimFX20
XAUUSD Technical Analysis 16.08.2023 1h chart– Previous Daily candle closed Bearish at 1901.800 closing just within the Strong Key Level (1900s). – Buys on close above 1907.800 targeting 4h Resistance formed at 1912.100, Leaving Runners to the Weekly previous Support formed on 3rd July 2023 at 1919.500. – Sells on close below 1899.800 targeting 4h Support formed on 29th June 2023 at 1895.500, Leaving Runners to the 4h Support formed at 1887.900. – High impact news ahead of the New York session starting with Building Permits and Industrial Production m/m, followed by FOMC Meeting Minutes.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 16.08.2023 1h chart– Previous Daily candle closed Bullish at 184.850 as Daily High tapped into the previous Weekly Support formed in November 2015. – Buys on close above 185.280 targeting Monthly Resistance formed in November 2015 at 185.900, Leaving Runners to the Monthly High formed in December 2015 at 186.350 – Sells on close below 184.410 targeting 4h Support formed at 183.950, Leaving Runners to the next 4h Support formed at 183.590. – High-impact news ahead before the London session opens, with a focus on the year-over-year Consumer Price Index (CPI) data for the UK economy.
by SalimFX20
XAUUSD Technical Analysis 15.08.2023 1h chart– Previous Daily candle closed Bearish at 1907.500 respecting Daily Support formed on 29th June 2023. – Buys on close above 1911.900 targeting 1h Resistance formed at 1915.300, Leaving Runners to the Weekly previous Support formed on 3rd July 2023 at 1919.500. – Sells on close below 1904.300 targeting 4h Support approaching a Strong Key Level (1900s) at 1900.500, Leaving Runners to the 4h Support formed on 29th June 2023 at 1895.500. – High impact news ahead of the New York session open, starting with Core Retail Sales m/m, Empire State Manufacturing Index and the Retail Sales m/m, High Volatility expected during the New York session leading to New York Stock Exchange session.
OANDA:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 15.08.2023 1h chart– Previous Daily candle closed Bullish at 184.550 as price break above the previous Weekly High. – Buys on close above 184.780 targeting previous Weekly Support formed on 9th November 2015 at 185.270, Leaving Runners to the Monthly Resistance formed in November 2015 at 185.900. – Sells on close below 184.330 targeting 4h Support formed at 183.950, Leaving Runners to the next 4h Support formed at 183.590. – High impact news 1hour before London session opens for the Claimant Count Change and Average Earnings Index 3m/y, High Volatility expected at the London session open.
by SalimFX20
XAUUSD Technical Analysis 14.08.2023 1h chart– Previous Weekly candle closed strong Bearish at 1913.800 below Weekly Support formed on 3rd July 2023, Friday Daily candle closed weak Bullish forming weak Daily Support around 1912.400. – Buys on close above 1919.200 targeting 4h Resistance at 1926.300, Leaving Runners to the next 4h Resistance formed at 1930.500. – Sells on close below 1911.500 targeting 4h Support formed at 1906.300, Leaving Runners to the next 4h Support formed at 1901.300. – Ideally is to allow the new Weekly candle to retrace and form top wick before breaking the previous Weekly Low.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 14.08.2023 1h chart– Previous Weekly candle closed strong Bullish at 184.040 forming strong Weekly Support around 180.680, Friday Daily candle closed Bullish but price consolidated within the 4h timeframe. – Buys on close above 184.240 targeting Weekly previous Support formed on 30th November 2015 at 184.610, Leaving Runners to the Weekly previous Support formed on 9th November 2015 at 185.270. – Sells on close below 183.340 targeting 1h previous Resistance formed at 182.970, Leaving Runners to the 4h Support formed at 182.520. – Ideally is to wait for price to form new Resistance on the Daily or the 4h to retrace, establish a new Support to then anticipate for price to retest the highs to continue Bullish.
by SalimFX20
XAUUSD Technical Analysis 11.08.2023 1h chart– Previous Daily candle closed Bearish at 1912.400 leaving a huge Daily Rejection at the 1930s (Higher timeframe Key Level). – Buys on close above 1920.600 targeting 1h Resistance at 1920.600, Leaving Runners to the 4h Resistance formed at 1926.300. – Sells on close below 1911.000 targeting 4h Support at 1906.300, Leaving Runners to the 4h Support formed at 1901.300. – High Impact News ahead of the New York session, starting with Core PPI m/m, PPI m/m followed by Prelim UoM Consumer sentiment and Prelim UoM Inflation Expectations.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 11.08.2023 1h chart– Previous Daily candle closed Bullish at 183.470 closing below Daily Resistance formed on 6th July 2023 leaving 76 pip Rejection wick to the upside. – Buys on close above 183.840 targeting 1h Resistance at 184.110, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610. – Sells on close below 183.270 targeting 1h previous Resistance formed at 182.970, Leaving Runners to the 4h Support formed at 182.530. – High Impact News at the Pre London session open for GDP m/m and Prelim GDP q/q, High volatility expected at the London open.
by SalimFX20
XAUUSD Technical Analysis 10.08.2023 1h chart– Previous Daily candle closed Bearish at 1914.900 breaking below the Weekly Support formed around 1919 level. – Buys on close above 1917.800 targeting 30min Resistance formed at 1923.100, Leaving Runners to the 15min Resistance formed at 1926.300. – Sells on close below 1911.000 targeting 4h Support formed at 1906.300, Leaving Runners to the next 4h Support formed at 1901.300. – High Impact News ahead of the New York session for the US Dollar, starting with CPI news monthly and yearly, Core CPI m/m, Unemployment Claims. followed by the FOMC Member Harker speech about employment at an online event hosted by Federal Reserve, High Volatility expected during the session.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 10.08.2023 1h chart– Previous Daily candle closed small Bullish at 182.820 as price consolidated during the Wednesday session across the three trading sessions. – Buys on close above 182.970 targeting 1h Resistance at 183.250, Leaving Runners to the 4h Resistance formed at 183.510. – Sells on close below 182.360 targeting 4h Support formed at 181.760, Leaving Runners to the 1h previous Resistance formed on 4th August 2023 at 181.370. – Overall price still holding Resistance and has respected the No Trade Zone from the previous Daily Analysis, so waiting for a confirmation is a Must as price continues to range.
by SalimFX20
XAUUSD Technical Analysis 09.08.2023 1h chart– Previous Daily candle closed Bearish at 1925.200 just within the previous Daily Support formed on 11th July 2023. – Buys on close above 1929.600 targeting previous Daily Support formed at 1934.200, Leaving Runners to the 4h Strong Resistance formed at 1938.200. – Sells on close below 1922.900 targeting Monthly and Weekly Support formed in July (last month) at 1919.200, Leaving Runners to the 4h Support formed at 1914.000. – Medium impact news ahead of the New York session for 10-y Bond Auction.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 09.08.2023 1h chart– Previous Daily candle closed Bullish at 182.620 as Daily candle tapped into Daily Resistance formed on Wednesday 2nd August 2023. – Buys on close above 182.970 targeting 1h Resistance at 183.250, Leaving Runners to the 4h Resistance formed at 183.510. – Sells on close below 182.200 targeting 4h Support formed at 181.760, Leaving Runners to the 1h previous Resistance formed on 4th August 2023 at 181.370. – Price approaching strong level on the Monthly, Weekly and Daily Resistance so we could possibly see another rejection at that level.
by SalimFX20
XAUUSD Technical Analysis 08.08.2023 1h chart– Previous Daily candle closed Bearish at 1936.600 forming Daily Resistance at 1942.700. – Buys on close above 1938.500 targeting Daily Resistance formed on Monday this week, Leaving Runners to the 30min Resistance formed at 1945.700. – Sells on close below 1932.200 targeting Daily previous Support formed on 11th July 2023 at 1925.400, Leaving Runners to the Monthly Support formed on July 2023 at 1919.400. – Medium Impact News ahead of the New York session as FOMC Member Harker due to speak about the economic outlook at an event hosted by Philadelphia Business Journal.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 08.08.2023 1h chart– Previous Daily candle closed Strong Bullish at 182.060 forming Daily Support at 180.660. – Buys on close above 182.500 targeting 1h Resistance formed at 183.000, Leaving Runners to the next 1h Resistance formed at 183.250. – Sells on close below 181.910 targeting 4h previous Resistance formed on 4th August 2023 at 181.630, Leaving Runners to the 30min Support formed at 181.300. – The current Monthly retracement could be the new Weekly forming top wick before breaking the Lows.
by SalimFX20
XAUUSD Technical Analysis 07.08.2023 1h chart– Previous Weekly candle closed Bearish at 1942.600 respecting the Weekly Resistance formed previously around 1962.100. – Buys on close above 1946.400 targeting 1h Resistance at 1952.800, Leaving Runners to the next 1h Resistance formed around 1957.200. – Sells on close below 1938.800 targeting Daily Support formed on Friday at 1934.100, Leaving Runners to the 4h previous Resistance formed on 5th July 2023 at 1929.500. – Medium Impact News ahead of the New York session as FOMC Member Harker due to speak about the economic outlook at an event hosted by Philadelphia Business Journal.
OANDA:XAUUSD
by SalimFX20