XAUUSD Technical Analysis 06.01.2023 1h chart

– Previous Daily candle closed Bearish at 1832.600 forming Daily Resistance at 1854.800.
– Buys on close above 1838.000 targeting 1h previous Support formed on Thursday during the London session at 1846.200 , Leaving Runners to the Daily Resistance at 1854.800.
– Sells on close below 1826.600 targeting 1h Support at 1819.200 which is also the previous Daily Resistance formed on Wednesday 21st December 2022, Leaving Runners to the 4h Support at 1814.000.
– High Impact News day ahead during the New York Session for the US Economy, Starting with Average Hourly Earnings m/m forecast : 0.4% / Previous : 0.6%, Non-Farm Employment Change forecast : 200k / Previous : 263k, Unemployment Rate forecast : 3.7% / Previous : 3.7% all to be released 30min after New York session opens, later onto the New York Stock Exchange we have ISM Services PMI forecast : 55.0 / Previous : 56.5.