XAUUSD Technical Analysis 01.09.2023 1h chart

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– Previous Daily candle closed small Bearish at 1939.800 forming Daily Resistance around 1942.500 as price ranges on the lower timeframe.
– Buys on close above 1947.600 targeting 1h Resistance formed at 1953.200, Leaving Runners to the June / July strong Weekly Resistance around 1961.800.
– Sells on close below 1935.000 targeting 4h previous Resistance formed on 9th August 2023 at 1930.000, Leaving Runners to the 4h previous Resistance formed on 29th August 2023 at 1924.000.
– High impact news ahead of the New York session open for the US Dollar, starting with Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate, High Volatility expected during the news release.

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