XAUUSD Technical Analysis 01.05.2023 1h chart

– Previous Monthly candle closed Bullish at 1989.600, Previous Weekly candle closed small Bullish forming Weekly Support at 1982.700 rejecting the Weekly Resistance formed on 10th April 2023 around 2007.800, However, The Friday Daily candle closed weak Bullish forming weak Support as the Daily Consolidating.
– Buys on close above 1993.700 targeting 30min Resistance at 1997.800, Leaving Runners to the 1h Resistance formed at 2002.200.
– Sells on close below 1987.700 targeting Weekly / Daily Support formed at 1982.700, Leaving Runners to the 1h Strong Support formed at 1977.600.
– High Impact News data ahead for the US Dollar during the New York Stock Exchange session for ISM Manufacturing PMI and ISM Manufacturing Prices.