XAUUSD Technical Analysis 06.03.2023 1h chart

– Previous Weekly candle closed Bullish at 1855.400 forming Weekly Support around 1811.000, the Friday Daily candle also closed strong Bullish forming new Daily Support around 1836.000.
– Buys on close above 1856.000 targeting 1h Resistance at 1859.600, Leaving Runners to the 4h Resistance formed at 1863.000.
– Sells on close below 1850.000 targeting 30min Support at 1846.500, Leaving Runners to the Previous Daily Resistance formed on 21st February 2023 at 1843.800.


– As The February Monthly candle closed Bearish forming Monthly Resistance around 1928 the push up on gold could be the new Monthly candle (March) forming top wick before breaking its own low filling the previous Monthly Low.