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XAUUSD Technical Analysis 12.05.2023 1h chart– Previous Daily candle closed Bearish at 2015.000 respecting Daily Resistance formed on Wednesday around 2034.600. – Buys on close above 2021.400 targeting 15min previous Support formed at 2027.100, Leaving Runners to the Daily Resistance formed at 2034.600. – Sells on close below 2011.300 targeting 1h Support at 2004.000, Leaving Runners to the Daily previous Resistance formed on 26th April 2023 at 1997.200. – High Impact News ahead during the New York stock exchange session for the Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 12.05.2023 1h chart– Previous Daily candle closed Bearish at 168.270 respecting Daily Resistance formed on Wednesday around 170.600. – Buys on close above 168.480 targeting 30min Resistance at 169.050, Leaving Runners to the 4h Resistance formed at 169.260. – Sells on close below 167.860 targeting Daily previous Resistance formed on 25th April 2023 at 167.530, Leaving Runners to the 1h Support formed at 167.020. – High Impact News ahead at the Pre London session for the GDP m/m and Prelim GDP q/q followed by few Low Impact News, High Volatility expected during the London Open.
by SalimFX20
XAUUSD Technical Analysis 11.05.2023 1h chart– Previous Daily candle closed Bearish at 2029.700 forming new Daily Resistance at 2034.600 leaving a Rejection wick to the upside. – Buys on close above 2033.100 targeting 30min Resistance at 2038.300, Leaving Runners to the 4h Resistance at 2045.700. – Sells on close below 2025.100 targeting 4h Support at 2020.200, Leaving Runners to the Daily Support formed at 2016.700. – High Impact News ahead for the New York session starting with Core PPI m/m, PPI m/m, Unemployment Claims, followed by FOMC Member Waller speech and 30-y Bond Auction.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 11.05.2023 1h chart– Previous Daily candle closed Bearish at 169.490 forming new Daily Resistance at 170.600. – Buys on close above 169.830 targeting 4h previous Support formed at 170.150, Leaving Runners to the recent Daily Resistance formed on Wednesday 10th May 2023 at 170.600. – Sells on close below 169.110 targeting Daily Support at 168.740, Leaving Runners to the 1h Support formed at 168.230. – High Impact News ahead for the Pound Sterling as Bank Of England decide on the new Bank Rate set by the MPC, News to expect as follow : BOE Monetary Policy Report, MPC Official Bank Rate Votes, Monetary Policy Summary, Official Bank Rate followed by Bank Of England Governor Andrew Bailey speech shortly after the release.
by SalimFX20
XAUUSD Technical Analysis 10.05.2023 1h chart– Previous Daily candle closed Bullish at 2034.600 respecting Daily Support formed on Monday at 2016.800. – Buys on close above 2037.900 targeting 1h previous Support formed on 5th May 2023 at 2045.100, Leaving Runners to the Daily Resistance formed at 2050.300. – Sells on close below 2030.900 targeting 4h / 1h Support at 2026.000, Leaving Runners to the 4h Support formed at 2019.900. – High Impact News ahead for the US Dollar at the New York session open, CPI m/m forecasting 0.4% previously was 0.1%, CPI y/y forecasting 5.0% previously was 5.0%, Core CPI m/m forecasting 0.3% previously was 0.4%. followed by 10-y Bond Auction.
OANDA:XAUUSD
by SalimFX20
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GBPJPY Technical Analysis 10.05.2023 1h chart– Previous Daily candle closed Bullish at 170.600 leaving a Rejection wick to the downside as the 4h timeframe forms a new Consolidation Zone. – Buys on close above 170.700 targeting 1h Resistance at 171.010, Leaving Runners to the 4h previous Support formed on 1st May 2023 at 171.230. – Sells on close below 170.360 targeting 4h Support at 170.150, Leaving Runners to the 1h Support formed at 169.840. – Overall price is consolidating on the 4h timeframe as the Monday and Tuesday Daily candle (Body) closed small Bullish with Rejection wicks to each side.
by SalimFX20
XAUUSD Technical Analysis 09.05.2023 1h chart– Previous Daily candle closed Bullish at 2021.400 forming weak Daily Support at 2016.700. – Buys on close above 2027.100 targeting 4h previous Support formed at 2034.100, Leaving Runners to the 1h Resistance formed at 2039.400. – Sells on close below 2019.800 targeting Daily Support formed at 2016.700, Leaving Runners to the 4h Support formed at 2010.500. – Ideally is to the allow the Asian session to consolidate and wait for better confirmations around Pre London or London open.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 09.05.2023 1h chart– Previous Daily candle closed weak Bullish at 170.430 leaving a Rejection at the recent Weekly Resistance formed around 171.100. – Buys on close above 170.560 targeting 30min Resistance at 170.860, Leaving Runners to the Weekly Resistance formed at 171.100. – Sells on close below 170.180 targeting 15min Support formed at 169.750, Leaving Runners to the 4h previous Resistance formed on 4th May 2023 at 169.350. – If Tuesday respect the Previous Daily High and break the Monday Daily Low there will be higher probability of price pushing futher down respecting recent Weekly Resistance formed last week.
by SalimFX20
XAUUSD Technical Analysis 08.05.2023 1h chart– Previous Weekly candle closed Bullish at 2016.900 respecting recent Weekly Support and closing above Weekly Resistance formed on 10th April 2023 leaving 500 Rejection wick to the upside, Friday Daily candle closed Bearish forming Daily Resistance at 2050.400. – Buys on close above 2019.300 targeting 1h previous Resistance formed on 3rd May 2023 at 2024.300, Leaving Runners to the 30min previous Support formed on 3rd May 2023 at 2030.800. – Sells on close below 2010.200 targeting 1h Support at 2003.800, Leaving Runners to the Daily previous Resistance formed on 26th April 2023 at 1997.200. – Potential Wick Fill on the Daily timeframe retesting the previous broken Daily Resistances around 2004.000 and 1997.000 area.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 08.05.2023 1h chart– Previous Weekly candle closed Bearish at 170.250 forming Weekly Resistance at 171.070, Friday Daily candle closed Bullish forming Daily Support at 168.740. – Buys on close above 170.550 targeting 1h previous Support formed on 28th April 2023 at 170.930, Leaving Runners to the 4h previous Support formed on 1st May 2023 at 171.240. – Sells on close below 169.960 targeting 15mins Support at 169.550, Leaving Runners to the 1h Support formed at 169.180. – As the previous Weekly candle high formed a Rejection there is a probability for the current weekly candle to respect the new Weekly Resistance and fill Weekly Low and retesting the Weekly Resistance formed back in December 2022.
by SalimFX20
XAUUSD Technical Analysis 05.05.2023 1h chart– Previous Daily candle closed Bullish at 2050.400 just above the Daily Resistance formed on 14th April 2023. – Buys on close above 2056.800 targeting Daily Wick Fill formed yesterday (Thursday) at 2066.900, Leaving Runners to the March 2022 Monthly High at 2071.000. – Sells on close below 2046.100 targeting Daily previous Resistance formed on 14th April 2023 at 2040.600, Leaving Runners to the 4h Support formed at 2034.600. – High Impact News day ahead for the US Dollar and the US Economy, Average Hourly Earnings m/m forecasted to remain the same at 0.3%. Non-Farm Employment Change forecasted : 181k / previously was : 236k, Forecast increase to 3.6% from 3.5% on the Unemployment Rate.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 05.05.2023 1h chart– Previous Daily candle closed Bearish at 168.740 almost retesting the previous Daily Resistance formed last week. – Buys on close above 168.930 targeting 4h Resistance at 169.240, Leaving Runners to the 30min Resistance formed at 169.840. – Sells on close below 168.550 targeting 1h Support at 168.220, Leaving Runners to the Daily previous Resistance formed on 25th April 2023 at 167.550. – Currently the Weekly trading Bearish and more likely Weekly will form Resistance with a minor Rejection wick to the upside respecting Weekly Resistance formed on 31st October 2022.
by SalimFX20
XAUUSD Technical Analysis 04.05.2023 30min chart– Previous Daily candle closed Bullish at 2039.500 just within the Daily Resistance formed on Friday 14th April 2023. – Buys on close above 2061.400 targeting Current Daily Wick Fill at 2066.900, Leaving Runners to the March 2022 Monthly High at 2070.900. – Sells on close below 2049.600 targeting Daily previous Resistance formed on 14th April 2023 at 2040.600, Leaving Runners to the 30min previous Resistance formed at 2035.300. – Due to high volume at the Daily open we had to refer to the lower timeframe to identify the No Trade Zone, and Targets adapting to the volume based price action.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 04.05.2023 1h chart– Previous Daily candle closed Bearish at 169.160 respecting Daily Resistance formed on Tuesday 2nd May 2023. – Buys on close above 169.470 targeting 30min Resistance at 169.890, Leaving Runners to the 1h Resistance formed at 170.210. – Sells on close below 168.780 targeting 30min Support formed at 168.170, Leaving Runners to the Daily previous Resistance formed on 25th April 2023 at 167.550. – There is still a probability for price to retest the Daily Resistance formed on 25th April 2023 correcting the Bullish move from Friday 28th April 2023.
by SalimFX20
GBPJPY Technical Analysis 03.05.2023 1h chart– Previous Daily candle closed Bearish at 170.110 forming Daily Resistance at 171.700 as price rejects the Monthly Highs formed in October 2022. – Buys on close above 170.540 targeting 1h previous Support formed at 170.940, Leaving Runners to the 30min Resistance formed at 171.470. – Sells on close below 169.950 targeting 1h Support formed at 169.400, Leaving Runners to the 1h Support formed at 168.770. – There is a probability for the new Daily candle to respect Daily Resistance formed on Tuesday 2nd May 2023 to correct the Bullish move that happened on Friday 28th April 2023.
by SalimFX20
XAUUSD Technical Analysis 02.05.2023 1h chart– Previous Daily candle closed Bearish at 1982.500 forming Daily Resistance at 1989.700. – Buys on close above 1985.400 targeting Daily Resistance formed this Monday at 1989.700, Leaving Runners to the next level of Daily Resistance formed on Wednesday 26th April 2023 at 1997.100 – Sells on close below 1977.100 targeting 1h Support at 1973.100, Leaving Runners to the Weekly Support formed at 1969.200. – Jolts Job Openings data to be released during the New York Stock Exchange session forecasting : 9.74M / Previously was 9.93M.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 02.05.2023 1h chart– Previous Daily candle closed Bullish at 171.700 tapping into the Monthly Highs of October 2022. – Buys on close above 172.060 targeting 4h Resistance formed on 4th February 2016 at 172.420, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900. – Sells on close below 171.510 targeting 4h Support formed at 171.220, Leaving Runners to the 1h Strong Support formed at 170.920. – Despite the Daily closing Bullish there is a probability for the Tuesday Daily candle to close Bearish forming Resistance as price is trading within the 2022 Highs.
by SalimFX20
XAUUSD Technical Analysis 01.05.2023 1h chart– Previous Monthly candle closed Bullish at 1989.600, Previous Weekly candle closed small Bullish forming Weekly Support at 1982.700 rejecting the Weekly Resistance formed on 10th April 2023 around 2007.800, However, The Friday Daily candle closed weak Bullish forming weak Support as the Daily Consolidating. – Buys on close above 1993.700 targeting 30min Resistance at 1997.800, Leaving Runners to the 1h Resistance formed at 2002.200. – Sells on close below 1987.700 targeting Weekly / Daily Support formed at 1982.700, Leaving Runners to the 1h Strong Support formed at 1977.600. – High Impact News data ahead for the US Dollar during the New York Stock Exchange session for ISM Manufacturing PMI and ISM Manufacturing Prices.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 01.05.2023 1h chart– Previous Monthly, Weekly and Daily candle closed strong Bullish at 171.070 above Monthly Resistance formed in November 2022 at 170.740. – Buys on close above 171.230 targeting 1h Resistance at 171.640, Leaving Runners to the 4h Resistance formed on 31st October 2022 at 172.060. – Sells on close below 170.520 targeting 15min Support at 169.850, Leaving Runners to the 1h Support at 169.410. – Monday Bank Holiday, all UK Banks will be closed in observance of May Day. – Learn : May Day bank holiday in the UK – May Day bank holiday is a day for celebrating the achievements of workers and their ongoing fight for better working conditions. It is also a day for celebrating the arrival of spring and enjoying time with family and friends.
by SalimFX20
XAUUSD Technical Analysis 27.04.2023 1h chart– Previous Daily candle closed Bearish at 1989.200 forming Resistance at 1997.100 , Price also have retested the Weekly Resistance formed on 10th April 2023 at 2008.000. – Buys on close above 1991.800 targeting Daily / 4h Resistance at 1998.000, Leaving Runners to the 1h Resistance formed at 2003.300. – Sells on close below 1985.400 targeting 1h Support at 1977.700, Leaving Runners to the Daily Support formed at 1969.300. – High Impact News data ahead for the New York session open starting with Advance GDP q/q and Unemployment Claims, followed by Advance GDP Price Index q/q and Pending Home Sales m/m.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 27.04.2023 1h chart– Previous Daily candle closed Bullish at 166.630 forming new Daily Support at 165.860 as price respects the Daily Support formed on Friday 14th April 2023. – Buys on close above 167.020 targeting Daily Resistance at 167.530, Leaving Runners to the 4h Resistance formed at 167.840. – Sells on close below 166.240 targeting Daily Support formed at 165.860, Leaving Runners to the 4h and the 1h Support formed at 165.550. – Targets for Buys and Sells are much smaller as it is necessary to adapt to the market / price action, better sells will be once price break below the Daily Rejection wicks on the left from 14th April 2023.
by SalimFX20
XAUUSD Technical Analysis 26.04.2023 1h chart– Previous Daily candle closed Bullish at 1997.100 respecting Daily Support formed on Monday 24th April 2023. – Buys on close above 2003.900 targeting Weekly Resistance at 2008.000, Leaving Runners to the 1h Resistance formed at 2012.300. – Sells on close below 1994.500 targeting 30min Support formed at 1989.500, Leaving Runners to the 4h Support formed at 1983.900. – Small targets for Buys as price still trading below strong Daily Resistance that has been held from last week, Core Durable Goods Orders m/m and Durable Goods Orders m/m data to be released 30min after New York session opens.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 26.04.2023 1h chart– Previous Daily candle closed Bearish at 165.860 forming new Daily Resistance at 167.540. – Buys on close above 166.170 targeting 1h previous Support formed on Monday 24th April 2023 at 166.600, Leaving Runners to the 1h Resistance formed at 167.030. – Sells on close below 165.560 targeting 30min Support formed at 165.190, Leaving Runners to the 1h Support formed at 164.680. – Price may reject or consolidate above 165.500 as price consolidated previously on the 4h timeframe.
by SalimFX20