XAUUSD Technical Analysis 19.07.2023 1h chart– Previous Daily candle closed strong Bullish at 1978.900 pushing through multiple previous Daily Resistances formed on June 2023.
– Buys on close above 1983.200 targeting Monthly Resistance formed in May 2023 at 1989.500, Leaving Runners to the 1h Resistance formed at 1993.200.
– Sells on close below 1975.700 targeting 15min previous Resistance formed at 1969.600, Leaving Runners to the 30min Support formed at 1963.000.
– High Impact News ahead of the New York session for Housing Starts and Building Permits.
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GBPJPY Technical Analysis 19.07.2023 1h chart– Previous Daily candle closed weak Bearish at 180.900 as price still ranging within the 4h timeframe.
– Buys on close above 181.630 targeting 4h Resistance at 182.030, Leaving Runners to the 4h previous Support formed on 9th July 2023 at 182.390.
– Sells on close below 180.750 targeting Tuesday Daily Wick Fill at 180.360, Leaving Runners to the Daily Support formed at 179.800.
– High Impact News ahead of the Pound Sterling before London open for CPI y/y forecasting : 8.2% / Previously was 8.7%.
XAUUSD Technical Analysis 18.07.2023 1h chart– Previous Daily candle closed Doji Bearish at 1955.000 as price continues to range within the 4h timeframe.
– Buys on close above 1962.900 targeting Weekly previous Support formed on 3rd April 2023 at 1969.200, Leaving Runners to the 4h previous Support formed on 2nd June 2023 at 1975.300.
– Sells on close below 1948.700 targeting 1h previous Support formed on 12th July 2023 at 1941.200, Leaving Runners to the 4h Support formed at 1934.200.
– High Impact News ahead of the New York session, Core Retail Sales m/m and Retail Sales m/m to be released 30min after New York session opens, followed by Industrial Production m/m. High Volatility expected during the news release.
GBPJPY Technical Analysis 18.07.2023 1h chart– Previous Daily candle closed Bearish at 181.260 forming Daily Resistance at 181.670.
– Buys on close above 181.630 targeting 4h Resistance at 182.030, Leaving Runners to the 4h previous Support formed on 9th July 2023 at 182.390.
– Sells on close below 181.110 targeting 4h Support at 180.640, Leaving Runners to the 15min Support formed at 180.310.
– Overall price has formed another 4h consolidation zone on Monday’s trading session which is the current No Trade Zone identified on this analysis, Ideally is to wait for price to breakout of this zone during high volume time.
XAUUSD Technical Analysis 17.07.2023 1h chart– Previous Weekly candle closed strong Bullish at 1955.500 respecting recent Weekly Support, Friday Daily candle closed Bearish forming weak Daily Resistance at 1960.700.
– Buys on close above 1963.200 targeting Weekly previous Support formed on 3rd April 2023 at 1969.200, Leaving Runners to the 4h previous Support formed on 2nd June 2023 at 1975.300.
– Sells on close below 1951.100 targeting 15min previous Resistance formed at 1947.100, Leaving Runners to the 15min Support formed at 1943.000.
– High Impact News ahead on the New York session for Empire State Manufacturing Index.
GBPJPY Technical Analysis 17.07.2023 1h chart– Previous Weekly candle closed weak Bearish at 181.660 respecting the recent Weekly Resistance formed at 183.170, Friday Daily candle closed Bullish respecting Thursday Daily Support formed at 179.810.
– Buys on close above 182.140 targeting previous Daily Support formed on 30th June 2023 at 182.500, Leaving Runners to the 4h Resistance formed at 183.170.
– Sells on close below 181.380 targeting 30min Support formed at 180.730, Leaving Runners to the next 30min Support formed at 180.460.
– Ideally is to allow the Asian session to form a new range on the lower timeframe and have a strong confirmation around Pre London / London open leading to New York session.
XAUUSD Technical Analysis 14.07.2023 1h chart– Previous Daily candle closed small Bullish at 1960.700 as price have been consolidating on the 4h and 1h timeframe throughout the Thursday trading sessions.
– Buys on close above 1963.800 targeting Weekly previous Support formed on 3rd April 2023 at 1969.200, Leaving Runners to the 4h previous Support formed on 2nd June 2023 at 1975.300.
– Sells on close below 1954.500 targeting 15min previous Resistance formed at 1947.100, Leaving Runners to the 15min Support formed at 1943.000.
– High Impact News ahead of the New York session, Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.
GBPJPY Technical Analysis 14.07.2023 1h chart– Previous Daily candle closed Bullish at 181.340 forming Daily Support at 179.800.
– Buys on close above 181.450 targeting 1h Resistance at 181.760, Leaving Runners to the Daily previous Support formed on 30th June 2023 at 182.260.
– Sells on close below 180.800 targeting 30min Support formed at 180.440, Leaving Runners to the 1h Support formed at 180.020.
– As the Daily formed Support on Thursday closing above the Daily previous Support formed 21st June 2023, There is a good probability of the Friday Daily candle respecting recent Daily Support and closing Bullish.
XAUUSD Technical Analysis 13.07.2023 1h chart– Previous Daily candle closed Strong Bullish at 1957.600 tapping into the Daily Resistance formed on 16th June 2023.
– Buys on close above 1960.400 targeting Daily Resistance formed on 9th June 2023 at 1965.500, Leaving Runners to the 1h Resistance formed on 7th June 2023 at 1969.800.
– Sells on close below 1953.500 targeting 15min Previous Resistance formed at 1947.100, Leaving Runners to the 15min Support formed at 1943.000.
– High Impact News ahead of the New York session for the US Dollar, Core PPI m/m, PPI m/m and Unemployment Claims data to be released 30min after New York session opens.
GBPJPY Technical Analysis 13.07.2023 1h chart– Previous Daily candle closed Bearish at 179.800 closing below Daily Support formed on 21st June 2023.
– Buys on close above 179.970 targeting 1h Resistance at 180.350, Leaving Runners to the 30min Resistance formed at 180.700.
– Sells on close below 179.470 targeting 4h Support formed at 179.120, Leaving Runners to the 1h Support formed at 178.840.
– High Impact News ahead for the Pre London session, GDP m/m data forecast -0.3% Previously was 0.2%, High Volatility expected during the London open.
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.
GBPJPY Technical Analysis 12.07.2023 1h chart– Previous Daily candle closed Bearish at 181.450 rejecting the previous Hourly Support formed on 22nd June 2023.
– Buys on close above 181.900 targeting Daily previous Support formed on 27th June 2023 at 182.330, Leaving Runners to the 15min Resistance formed at 182.590.
– Sells on close below 181.100 targeting 1h Support/ Daily Wick Fill at 180.800, Leaving Runners to the Daily Support formed on 21st June 2023 at 180.480.
– Bank Of England Governor Andrew Bailey due to hold press conference about the Financial Stability Report in London.
XAUUSD Technical Analysis 11.07.2023 1h chart– Previous Daily candle closed Doji Bearish at 1925.400 almost tapping into the Daily Support formed on Friday 7th July 2023.
– Buys on close above 1928.300 targeting 1h Resistance formed at 1933.800, Leaving Runners to the Daily previous Support formed on 15th June 2023 at 1939.800.
– Sells on close below 1921.900 targeting 4h Support formed at 1914.100, Leaving Runners to the Daily Support formed on Friday 7th July 2023 at 1910.500.
– Ideally is to wait for price to breakout of the No Trade Zone during high volume time with strong confirmation.
GBPJPY Technical Analysis 11.07.2023 1h chart– Previous Daily candle closed Bearish at 181.720 breaking out of the Daily consolidation Zone.
– Buys on close above 181.870 targeting 1h previous Support formed at 182.300, Leaving Runners to the 15min Resistance formed at 182.580.
– Sells on close below 181.190 targeting 1h Support formed at 180.830, Leaving Runners to the Daily Support formed at 180.480.
– High Impact News ahead of the Pre London session, Claimant Count Change and Average Earnings Index 3m/y, High Volatility expected within the London open.
XAUUSD Technical Analysis 10.07.2023 1h chart– Previous Weekly candle closed weak Bullish at 1925.600 forming weak Weekly Support at 1919.500, Friday Daily candle also closed Bullish forming Daily Support at 1910.900.
– Buys on close above 1929.400 targeting 1h Resistance at 1933.800, Leaving Runners to the Daily previous Support formed on 15th June 2023 at 1939.800.
– Sells on close below 1923.000 targeting Weekly Support formed at 1918.700, Leaving Runners to the 30min Support formed at 1913.200.
– Ideally is to allow price to form a new range for the week ahead during the Asian session and wait for decent volume for Pre London / London session with much Higher Probability setups.
GBPJPY Technical Analysis 10.07.2023 1h chart– Previous Weekly candle closed Bearish at 182.380 forming Weekly Resistance at 182.930, Friday Daily candle closed Bearish within the Daily Support Range on the Daily timeframe.
– Buys on close above 182.650 targeting 4h Resistance formed at 183.090, Leaving Runners to the 30min Resistance formed at 183.450.
– Sells on close below 182.020 targeting 4h Support formed at 181.610, Leaving Runners to the next 4h Support formed at 181.330.
– Bank Of England Governor Andrew Bailey due to speak at the Financial and Professional Services Dinner in London at Pre London Close.
XAUUSD Technical Analysis 07.07.2023 1h chart– Previous Daily candle closed Bearish at 1910.900 tapping into the Daily Support formed on Friday 30th June 2023.
– Buys on close above 1913.300 targeting 4h Resistance formed at 1918.300, Leaving Runners to the previous 4h Support formed at 1924.000.
– Sells on close below 1906.300 targeting 4h Support formed at 1901.300, Leaving Runners to the 1h Support formed at 1896.100.
– High Impact News ahead of the New York session for the US Economy, Average Hourly Earnings m/m, Non-Farm Employment Change known as (NFP) and Unemployment Rate, High Volatility expected during the news release
GBPJPY Technical Analysis 07.07.2023 1h chart– Previous Daily candle closed Bearish at 183.480 forming Daily Resistance at 183.730 as price still ranging within the Daily timeframe.
– Buys on close above 183.850 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.030 targeting 1h Support formed at 182.650, Leaving Runners to the 1h Strong Support formed at 182.390.
– Overall price is still consolidating within the Daily and 4h Range, Ideally is to wait for a strong confirmation before taking any positions.
XAUUSD Technical Analysis 06.07.2023 1h chart– Previous Daily candle closed strong Bearish at 1915.100 forming Daily Resistance at 1925.900 as the Wednesday Daily candle rejects the 1935 area.
– Buys on close above 1917.900 targeting 1h Resistance at 1923.300, Leaving Runners to the 4h Resistance formed at 1929.400.
– Sells on close below 1911.900 targeting Daily Support formed at 1907.400, Leaving Runners to the 4h Support formed at 1902.000.
– High Impact News ahead of the New York session starting with ADP Non-Farm Employment Change and Unemployment Claims 30min after New York session opens, followed by ISM Services PMI and JOLTS Job Openings during the New York Stock Exchange session.
GBPJPY Technical Analysis 06.07.2023 1h chart– Previous Daily candle closed small Bullish at 183.730 as Daily still consolidating within current Daily Range.
– Buys on close above 183.960 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.460 targeting 1h Support formed at 183.160, Leaving Runners to the 4h previous Resistance formed on 29th June 2023 at 182.860.
– Overall price still ranging within the 4h and Hourly timeframe so ideally is to wait for strong confirmation for either Buys or Sells.
XAUUSD Technical Analysis 05.07.2023 1h chart– Previous Daily candle closed Bullish at 1925.800 breaking above Daily Resistance formed on 27th June 2023.
– Buys on close above 1930.800 targeting 4h Resistance at 1937.000, Leaving Runners to the Daily previous Support formed on 15th June 2023 at 1941.200.
– Sells on close below 1920.200 targeting previous 30min Support formed at 1915.800, Leaving Runners to the 4h Support formed at 1911.800.
– High Impact News ahead for FOMC Meeting Minutes after London Close.
GBPJPY Technical Analysis 05.07.2023 1h chart– Previous Daily candle closed weak Doji Bullish at 183.590 as the Daily consolidating.
– Buys on close above 183.920 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.300 targeting 4h previous Resistance formed at 182.860, Leaving Runners to the Daily Support formed at 182.480.
– Overall price is still Consolidating within the Daily timeframe as there has been less volume in the market.
XAUUSD Technical Analysis 04.07.2023 1h chart– Previous Daily candle closed Bullish at 1925.500 respecting Daily Support formed on Friday last week.
– Buys on close above 1924.100 targeting 1h Resistance formed at 1930.200, Leaving Runners to the 15min Resistance formed at 1933.300.
– Sells on close below 1919.300 targeting previous 30min Support formed at 1915.800, Leaving Runners to the 4h Support formed at 1911.800.
– Tuesday 4th July 2023 is a US Bank Holiday in observance of Independence Day, Price could possibly range throughout sessions.