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.
– 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.