XAUUSD Technical Analysis 23.08.2023 1h chart

– Previous Daily candle closed small Bullish at 1897.600 respecting Daily Support formed on Monday.
– Buys on close above 1900.100 targeting 4h Resistance formed at 1905.500, Leaving Runners to the next 4h Resistance formed at 1911.900.
– Sells on close below 1893.600 targeting Daily Support formed at 1889.100, Leaving Runners to the 1h Strong Support formed at 1884.900.
– High impact news ahead of the New York session for Flash Manufacturing PMI, Flash Services PMI and New Home Sales, High Volatility expected during the news release leading to London session close.