XAUUSD Technical Analysis 10.01.2023 1h chart

– Previous Daily candle closed small Bullish at 1871.700 leaving a Rejection wick at 1881.500 with no bottom wick as the 4h timeframe has been in consolidation since Monday Pre London open.
– Buys on close above 1879.300 targeting 30min Resistance formed on 6th May 2022 at 1885.000, Leaving Runners to the Weekly previous Support formed on 28th February 2022 at 1889.300.
– Sells on close below 1866.000 targeting 4h previous Resistance formed on 4th January 2023 at 1860.500, Leaving Runners to the 1h previous Resistance formed on 6th January 2023 at 1852.000.
– Fed Chair Powell due to participate in a panel discussion titled ” Central bank independence and the mandate –  evolving views ” at the Riksbank’s International Symposium on Central bank Independence, in Stockholm during the New York session.