XAUUSD Technical Analysis 11.01.2023 1h chart

– Previous Daily candle closed Bullish at 1877.100 respecting the Monday Daily High and Low and continue 4h Consolidation Zone.
– Buys on close above 1789.300 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.
– The No Trade Zone that was identified for Tuesday 10th January 2022’s Analysis have been respected and price consolidated during Asian, London and the New York session, so Targets for Buys and Sells remained the same.