XAUUSD Technical Analysis 18.05.2023 1h chart

– Previous Daily candle closed Bearish at 1982.000 respecting the Weekly Support formed on 1st May 2023 as price have been ranging on the Hourly timeframe.
– Buys on close above 1984.700 targeting 1h Resistance at 1988.800, Leaving Runners to the 4h Resistance formed at 1992.400.
– Sells on close below 1977.500 targeting 1h Support at 1973.500, Leaving Runners to the Weekly Support formed at 1969.100.
– High Impact News ahead of the New York session starting with Unemployment Claims and Philly Fed Manufacturing Index followed by Existing Home Sales data.