XAUUSD Technical Analysis 18.01.2023 1h chart

– Previous Daily candle closed Bearish at 1908.700 respecting Daily Resistance formed on Monday at 1920.300.
– Buys on close above 1913.600 targeting 1h Resistance formed at Asian open at 1918.400, Leaving Runners to the 4h Resistance at 1924.300.
– Sells on close below 1905.600 targeting 4h Support / Key Level at 1900.000, Leaving Runners to the next 4h Support at 1893.500.
– High Impact News data ahead for the US for the followings : Core PPI m/m, Core Retail Sales m/m, PPI m/m, Retail Sales m/m. All news to be released 30min after New York session opens.