XAUUSD Technical Analysis 12.07.2023 1h chart

– Previous Daily candle closed Bullish at 1932.500 breaking above Daily Resistance formed on 5th July 2023.
– Buys on close above 1938.400 targeting 1h previous Support formed on 20th June 2023 at 1945.900, Leaving Runners to the 4h previous Support formed also on 20th June 2023 at 1950.000.
– Sells on close below 1929.500 targeting 4h Support formed at 1925.400, Leaving Runners to the Weekly Support formed on 3rd July 2023 at 1919.400.
– High Impact News ahead of the New York session as follow : CPI m/m, CPI y/y, Core CPI m/m and 10-y Bond Auction, High Volatility expected throughout the New York session.