XAUUSD Technical Analysis 12.05.2023 1h chart

– Previous Daily candle closed Bearish at 2015.000 respecting Daily Resistance formed on Wednesday around 2034.600.
– Buys on close above 2021.400 targeting 15min previous Support formed at 2027.100, Leaving Runners to the Daily Resistance formed at 2034.600.
– Sells on close below 2011.300 targeting 1h Support at 2004.000, Leaving Runners to the Daily previous Resistance formed on 26th April 2023 at 1997.200.
– High Impact News ahead during the New York stock exchange session for the Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.