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XAUUSD Technical Analysis 04.08.2023 1h chart– Previous Daily candle closed weak Bearish at 1934.200 as price ranged during the Thursday session forming a stronger Consolidation on the Hourly timeframe. – Buys on close above 1939.000 targeting the Daily previous Support formed on 28th July 2023 at 1944.300, Leaving Runners to the 4h Resistance formed at 1950.000. – Sells on close below 1931.000 targeting Daily previous Resistance formed on 5th July 2023 at 1926.000, Leaving Runners to the Monthly / Weekly Support formed at 1919.500. – High Impact News ahead of the New York session for Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate, High Volatility expected during the news release.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 04.08.2023 1h chart– Previous Daily candle closed Bearish at 181.060 respecting Daily Resistance formed on Wednesday at 183.060. – Buys on close above 181.430 targeting 1h previous Support formed at 181.860, Leaving Runners to the Weekly Resistance formed at 182.230. – Sells on close below 180.510 targeting 4h previous Support formed on 20th July 2023 at 180.000, Leaving Runners to the 1h previous Strong Support formed on 12th July 2023 at 179.540. – Huge Rejection on the Weekly candle rejecting the Weekly and Monthly Resistance, would be good to see the Friday forming minor Support, then have the next weekly candle continue the Bearish momentum.
by SalimFX20
XAUUSD Technical Analysis 03.08.2023 1h chart– Previous Daily candle closed Bearish at 1934.700 respecting the Daily Resistance formed on Tuesday this week. – Buys on close above 1939.200 targeting Daily previous Support formed on 28th July 2023 at 1944.300, Leaving Runners to the 4h Resistance formed at 1950.000 ( Key Level Retest ). – Sells on close below 1933.000 targeting 4h previous Resistance formed on 5th July 2023 at 1929.300, Leaving Runners to the Daily Support formed on 11th July 2023 at 1925.200. – High Impact News ahead for the New York session, Unemployment Claims and ISM Services PMI, High Volatility expected during this session.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 03.08.2023 1h chart– Previous Daily candle closed Bearish at 182.080 forming Daily Resistance at 183.060 price respected the Weekly Resistance formed on 3rd July 2023. – Buys on close above 182.460 targeting 30min Resistance formed at 182.880, Leaving Runners to the 4h Resistance formed at 183.140. – Sells on close below 181.840 targeting 1h previous Resistance formed at 181.400, Leaving Runners to the 1h Support formed at 180.920. – High Impact News ahead of the London session / Pre New York open as Bank Of England review the interest rate, Starting with BOE Monetary Policy Report, MPC Official Bank Rates Votes, Official Bank Rate and followed by Press Conference held by Bank Of England Governor Andrew Bailey about the decision of the Bank Rate hosted at the Bank Of England in London.
by SalimFX20
XAUUSD Technical Analysis 02.08.2023 1h chart– Previous Daily candle closed Bearish at 1944.200 forming Daily Resistance around 1965.600 closing just below the Daily Support formed on Friday last week. – Buys on close above 1948.800 targeting 4h previous Support formed at 1953.500, Leaving Runners to the 1h Resistance formed at 1957.500. – Sells on close below 1941.200 targeting 4h Support formed at 1934.800, Leaving Runners to the previous 4h Resistance formed on 5th July 2023 at 1929.300. – High Impact News ahead of the New York session for ADP Non-Farm Employment Change, High Volatility expected during the news release.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 02.08.2023 1h chart– Previous Daily candle closed weak Bullish at 183.070 as price has been consolidating across the 3 trading sessions on the lower timeframe. – Buys on close above 183.180 targeting 4h Resistance formed at 183.500, Leaving Runners to the 4h Strong Resistance formed at 183.830. – Sells on close below 182.530 targeting 30min Support formed at 182.100, Leaving Runners to the 1h previous Support formed at 181.510. – As the Tuesday Daily has ranged and 4h consolidating there could be a possible Rejection to the upside as price failing to push above, then potentially for price to retest the previous 4h Resistance formed around 181.850.
by SalimFX20
XAUUSD Technical Analysis 01.08.2023 1h chart– Previous Daily candle closed Bullish at 1965.600 respecting Daily Support formed on Friday last week and retesting the Daily Resistance formed on Thursday last week aswell. – Buys on close above 1971.700 targeting Daily Resistance formed on 19th July 2023 at 1979.000, Leaving Runners to the 4h Resistance formed at 1984.700. – Sells on close below 1963.000 targeting 30min Support formed at 1959.000, Leaving Runners to the 4h Support formed at 1953.500. – High Impact News ahead of the New York session for the US Dollar, starting with ISM Manufacturing PMI and ISM Manufacturing Prices followed by JOLTS Job Openings, High Volatility expected .
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 01.08.2023 1h chart– Previous Daily candle closed strong Bullish at 182.530 above recent Daily Resistance formed on 24th July 2023. – Buys on close above 183.050 targeting 4h Resistance at 183.500, Leaving Runners to the 4h Strong Resistance formed at 183.830. – Sells on close below 182.140 targeting 1h previous Resistance formed at 181.510, Leaving Runners to the 1h Support formed at 180.870. – As the Monday Daily candle closed Bullish with hardly no wick at the bottom meaning also the Weekly hasn’t formed bottom wick either, So the High formed on Monday could be the Weekly retesting previous Weekly Resistance before price starts to retrace.
by SalimFX20
XAUUSD Technical Analysis 31.07.2023 1h chart– Previous Weekly candle closed weak Bearish at 1959.300 forming weak Weekly Resistance at 1961.900, Friday Daily candle closed Bullish at 1959.400 forming Daily Support at 1945.100. – Buys on close above 1963.600 targeting 4h previous Support formed on 26th July 2023 at 1970.000, Leaving Runners to the 4h Resistance formed at 1976.800. – Sells on close below 1955.000 targeting 4h Support formed at 1949.600, Leaving Runners to the Daily Support formed on Friday at 1944.300. – Ideally is to allow the Asian session to form a new Range for the Week ahead and potentially have a higher probability trading setup around the Pre London / London open.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 31.07.2023 1h chart– Previous Weekly candle closed weak Bearish at 181.270 forming weak Weekly Resistance around 182.210, Friday Daily candle closed strong Bullish forming Daily Support at 178.360. – Buys on close above 181.850 targeting Weekly Resistance formed at 182.280, Leaving Runners to the next Weekly Resistance formed at 182.920. – Sells on close below 181.000 targeting 1h Support formed at 180.500, Leaving Runners to the 4h previous Support formed on 20th July 2023 at 180.050. – Ideally is to allow the Asian session to consolidate forming a new Weekly Range, Price could possibly Range due to the Month of July coming to an end.
by SalimFX20
XAUUSD Technical Analysis 28.07.2023 1h chart– Previous Daily candle closed strong Bearish at 1945.100 forming strong Daily Resistance at 1972.200. – Buys on close above 1950.000 targeting Daily previous Support formed on 25th July 2023 at 1954.700, Leaving Runners to the 4h previous Support formed on 25th July 2023 at 1959.400. – Sells on close below 1942.900 targeting 4h previous Resistance formed on 12th July 2023 at 1938.900, Leaving Runners to the 4h Support formed at 1934.600. – High Impact News ahead for the US Dollar during the New York session, starting with Core Price Index m/m and Employment Cost index q/q followed by Revised UoM Consumer Sentiment.
OANDA:XAUUSD
by SalimFX20
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GBPJPY Technical Analysis 28.07.2023 1h chart– Previous Daily candle closed Strong Bearish at 178.370 breaking below Daily Support formed on 13th July 2023. – Buys on close above 179.000 targeting Daily previous Support formed on 13th July 2023 at 179.690 for a retest, Leaving Runners to the Daily previous Support formed on Friday 1st July 2023 at 180.150. – Sells on close below 177.780 targeting 1h Support formed on 15th June 2023 at 177.290, Leaving Runners to the 1h Support formed on 14th June 2023 at 176.750. – High Impact News ahead for the Japanese Yen over the Asian session as Bank Of Japan decide on future Interest Rate, Starting with BOJ Outlook Report, Monetary Policy Statement and BOJ Policy Rate, followed by BOJ Press Conference, High Volatility expected during the event.
by SalimFX20
XAUUSD Technical Analysis 27.07.2023 1h chart– Previous Daily candle closed Bullish at 1972.200 closing below Daily Resistance formed on Wednesday 19th July 2023 and respecting Daily Support formed on Tuesday this week aswell. – Buys on close above 1977.600 targeting 1h Resistance formed at 1983.000, Leaving Runners to the Monthly Resistance formed in May 2023 at 1989.600. – Sells on close below 1966.700 targeting 1h Support formed at 1962.200, Leaving Runners to the 1h Support formed at 1956.600. – High Impact News ahead of the New York session for the US Dollar, We have Advance GDP q/q and Unemployment Claims followed by Advance GDP Price Index q/q, Core Durable Goods Orders m/m, Durable Goods Orders m/m and Pending Home Sales, High Volatility expected during this session.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 27.07.2023 1h chart– Previous Daily candle closed Bearish at 181.410 within the recent Daily Range forming a minor Resistance at 181.730. – Buys on close above 181.860 targeting 4h Resistance at 182.280, Leaving Runners to the 1h Resistance at 182.540. – Sells on close below 181.030 targeting 4h previous Resistance formed on 20th July 2023 at 180.570, Leaving Runners to the Daily Support formed on Friday 21st July 2023 at 180.150. – Daily and 4h has been consolidating this week as the current Weekly candle respecting the previous Weekly High.
by SalimFX20
XAUUSD Technical Analysis 26.07.2023 1h chart– Previous Daily candle closed strong Bullish at 1964.800 forming Daily Support at 1954.500 as price respects the Daily Support formed last Tuesday the 18th July 2023. – Buys on close above 1967.600 targeting 4h Resistance at 1973.400, Leaving Runners to the Daily Resistance formed at 1978.900. – Sells on close below 1961.300 targeting 1h Support formed at 1956.700, Leaving Runners to the 30min Support formed at 1953.500. – High Impact News ahead of New York session for US Dollar to review the interest rate, We have FOMC Statement, Federal Funds Rate followed by the FOMC Press Conference, High Volatility expected.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 26.07.2023 1h chart– Previous Daily candle closed small Bullish at 181.730 forming Daily Support at 181.370 – Buys on close above 181.930 targeting 4h Resistance at 182.280, Leaving Runners to the 1h Resistance formed at 182.540. – Sells on close below 181.590 targeting 4h Support at 181.250, Leaving Runners to the next 4h Support at 180.950. – Ideally is to wait for price to break out of the zone during High Volume session like Pre London / London Open leading to NY session.
by SalimFX20
XAUUSD Technical Analysis 25.07.2023 1h chart– Previous Daily candle closed Bearish at 1954.700 just below Daily Support formed on Tuesday 18th July 2023. – Buys on close above 1961.500 targeting 4h Resistance at 1967.500, Leaving Runners to the 1h Resistance formed at 1971.500. – Sells on close below 1951.800 targeting 4h Support formed at 1948.200, Leaving Runners to the 15min Support formed on 12th July 2023 at 1943.200. – High Impact New ahead of the New York session for US Dollar, CB Consumer Confidence and Richmond Manufacturing Index.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 25.07.2023 1h chart– Previous Daily candle closed Bearish at 181.370 forming Daily Resistance at 182.220. – Buys on close above 181.450 targeting 1h previous Support formed at 181.860, Leaving Runners to the Daily Resistance formed at 182.220. – Sells on close below 180.900 targeting 1h Support at 180.470, Leaving Runners to the Daily Support formed on Friday last week at 180.140. – As Daily formed Resistance and retraced, there is still a good probability for price to retest Daily Support formed on Friday last week.
by SalimFX20
XAUUSD Technical Analysis 24.07.2023 1h chart– Previous Weekly candle closed weak Bullish at 1961.900 rejecting the previous Weekly Support formed on 24th April 2023, Friday Daily candle closed Bearish respecting recent Daily Resistance formed on Wednesday 19th July 2023. – Buys on close above 1966.500 targeting 1h Resistance at 1971.000, Leaving Runners to the 4h Resistance formed at 1974.000. – Sells on close below 1959.000 targeting Daily Support formed at 1954.800, Leaving Runners to the 4h Support formed at 1948.600. – High Impact News ahead of the New York session for the US Dollar for Flash Manufacturing PMI and Flash Services PMI.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 24.07.2023 1h chart– Previous Weekly candle closed Bullish at 182.210 forming Weekly Support at 181.670, Friday Daily candle closed strong Bullish forming new Daily Support around 180.150. – Buys on close above 182.550 targeting Weekly Resistance formed at 183.150, Leaving Runners to the 1h Resistance formed at 183.550. – Sells on close below 181.800 targeting 4h Support formed at 181.370, Leaving Runners to the 1h previous Resistance formed on 19th July 2023 at 181.030. – High Impact News ahead for the Pound Sterling during the London session for Flash Manufacturing PMI and Flash Services PMI.
by SalimFX20
XAUUSD Technical Analysis 21.07.2023 1h chart– Previous Daily candle closed Bearish at 1969.500 forming Daily Resistance at 1978.900 leaving a Rejection wick at 1987.700. – Buys on close above 1972.000 targeting 1h Resistance at 1976.500, Leaving Runners to the next 1h Resistance formed at 1981.700. – Sells on close below 1965.400 targeting Weekly previous Resistance formed on 12th June 2023 at 1960.700, Leaving Runners to the Daily Support formed on 18th July 2023 at 1954.800. – Ideally is to wait for price to breakout of the Consolidation zone during High Volume Time to increase the probability of winning trades.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 21.07.2023 1h chart– Previous Daily candle closed Bearish at 180.150 closing above Daily Support formed on Thursday 13th July 2023. – Buys on close above 180.720 targeting 30min Resistance at 181.180, Leaving Runners to the Daily Resistance formed on 17th July 2023 at 181.670. – Sells on close below 179.850 targeting 1h Support at 179.480, Leaving Runners to the 4h Support formed at 179.130. – Overall price still in a large consolidation zone so waiting for a confirmation is really important, would be good to see small Daily Support to be formed on Friday to then have the next Daily candle for next week to break below recent Support correcting the Bullish move on the Weekly candle formed on 12th June 2023.
by SalimFX20
XAUUSD Technical Analysis 20.07.2023 1h chart– Previous Daily candle closed weak Bearish at 1977.100 forming weak Daily Resistance at 1978.800 as price have been ranging within the 4h timeframe. – Buys on close above 1982.900 targeting Monthly Resistance formed in May 2023 at 1989.500, Leaving Runners to the 1h Resistance formed on 17th May 2023 at 1993.200. – Sells on close below 1972.400 targeting 15min previous Support at 1967.400, Leaving Runners to the 30min Support formed at 1963.000. – High Impact News ahead of New York session for the US Dollar as follows. Unemployment Claims followed by Philly Fed Manufacturing Index and Existing Home Sales.
OANDA:XAUUSD
by SalimFX20