XAUUSD Technical Analysis 12.10.2023 1h chart

– Previous Daily candle closed strong Bullish at 1874.100 breaking above recent Daily Resistance formed on Tuesday, Forming Daily Support at 1860.500.
– Buys on close above 1877.500 targeting 30min Resistance at 1882.000, Leaving Runners to the 4h previous Support formed on 21st September 2023 at 1887.500
– Sells on close below 1867.800 targeting 15min Support formed at 1862.400, Leaving Runners to the 1h Support formed at 1858.400.
– High Impact News ahead of the New York session for the US Dollar, starting with Core CPI m/m, CPI m/m, CPI y/y followed by Unemployment Claims. High volatility expected during the New York Stock Exchange session.