XAUUSD Technical Analysis 17.01.2023 1h chart

– Previous Daily candle closed Bearish at 1916.000 forming Daily Resistance at 1920.300 and leaving a Rejection Wick to the upside.
– Buys on close above 1920.700 targeting 4h Resistance at 1924.500, Leaving Runners to the 1h Resistance at 1928.500.
– Sells on close below 1911.700 targeting 1h previous Resistance formed on 13th January 2023 at 1906.500, Leaving Runners to the 4h Support at 1900.000.
– We have Empire State Manufacturing Index forecasting -8.7 Previous : -11.2, data to be released 30min after New York session opens.