XAUUSD Technical Analysis 13.02.2023 1h chart

– Previous Weekly candle closed Doji Bearish at 1865.200 leaving over 240 pip Rejection wick to the upside.
– Buys on close above 1867.900 targeting 30min Resistance at 1874.200, Leaving Runners to the 1h previous Support formed at 1878.600.
– Sells on close below 1858.000 targeting 1h Support at 1853.500, Leaving Runners to the 1h Support formed at 1844.000.
– The Friday Daily candle formed minor Support at 1861.700 closing below Daily Support formed on Monday 6th February 2023, and the 4h is in Consolidation between 1860 and 1867 so ideally is to wait for price to break out of the current 4h Consolidation Zone to have a higher Probability winning trade.