XAUUSD Technical Analysis 10.04.2023 1h chart

– Previous Weekly candle closed Bullish at 2007.900 above Weekly Resistance formed on Monday 20th March 2023 and forming new Weekly Support at 1969.200, Thursday Daily candle closed Bearish forming Daily Resistance at 2020.800.
– Buys on close above 2012.600 targeting 4h Resistance at 2017.600, Leaving Runners to the Daily Resistance formed at 2020.800.
– Sells on close below 2003.600 targeting 4h previous Resistance formed on 24th March 2023 at 1999.100, Leaving Runners to the Daily previous Resistance formed on 24th March 2023 at 1993.700.
– As Daily candle closed Bearish forming Resistance and Weekly closing Bullish and forming Support there is a good probability for price to retest the 1990 area and form Support on the Daily allowing the new Weekly candle to form bottom wick before breaking the recent Highs.