XAUUSD Technical Analysis 04.12.2023 1h chart– Previous Weekly candle closed extremely Bullish around 2072.100, Friday Daily candle also closed strong Bullish.
– Buys on close above 2075.500 targeting 2080.000 as price breaks through the new historical high, Leaving Runners to the 2085.000s
– Sells on close below 2065.500 targeting 15min Support around 2060.000, Leaving Runners to the 4h previous Resistance formed on 4th May 2023 around 2054.500.
– Buys targets are only estimated targets to where price gunna go next as we have no historical data above 2075s.
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GBPJPY Technical Analysis 04.12.2023 1h chart– Previous Weekly candle closed Bearish around 186.460 forming Weekly Resistance around 188.240, Friday Daily candle closed weak Bearish within the recent new Daily Range formed last week.
– Buys on close above 186.830 targeting 4h Resistance around 187.330, Leaving Runners to the 1h Resistance formed around 187.630.
– Sells on close below 186.180 targeting 1h Support around 185.770, Leaving Runners to the Daily Support formed around 185.450.
– Ideally is to allow the Asian session to form a new range and wait for high volume time as price more likely to respect recent Weekly Resistance and continue to the downside.
XAUUSD Technical Analysis 01.12.2023 1h chart– Previous Daily candle closed Bearish around 2036.100 forming Daily Resistance around 2044.400.
– Buys on close above 2039.800 targeting 4h Resistance formed around 2045.200, Leaving Runners to the 1h Resistance formed around 2050.000.
– Sells on close below 2033.200 targeting 30min previous Resistance formed around 2027.600, Leaving Runners to the 15min Support formed around 2023.500.
– High Impact News ahead of the New York session for the US Dollar, USD Manufacturing PMI, USD Manufacturing Prices, We have Federal Reserve Chair Jerome Powell due to participate in a fireside chat titled ” Navigating Pathways to Economic Mobility ” in Atlanta. Later on again Fed Chair Powell due to participate in a roundtable discussion at Spelman College in Atlanta.
GBPJPY Technical Analysis 01.12.2023 1h chart– Previous Daily candle closed weak Bullish around 187.010 forming weak Daily Support around 186.850.
– Buys on close above 187.580 targeting Daily Resistance formed around 188.220, Leaving Runners to the 1h Resistance formed around 188.670.
– Sells on close below 186.400 targeting 4h Support formed around 185.890, Leaving Runners to the Daily Support formed around 185.450.
– There is a good probability to see Friday Daily candle closing Bearish as weak Daily Support has been formed on Thursday.
XAUUSD Technical Analysis 30.11.2023 1h chart– Previous Daily candle closed small Bullish around 2044.400 as price formed new range on the 4h timeframe.
– Buys on close above 2050.000 targeting 1h Strong Resistance formed on 4th May 2023 around 2057.000, Leaving Runners to the 30min Support formed around 2063.100.
– Sells on close below 2037.400 targeting Hourly Open candle formed around 2031.000, Leaving Runners to the 30min Support formed around 2025.200.
– High Impact News ahead of the New York session for the US Dollar, Starting with Core PCE Price Index m/m and Unemployment Claims, followed by Chicago PMI and Pending Home Sales m/m. High Volatility expected during the news release.
GBPJPY Technical Analysis 30.11.2023 1h chart– Previous Daily candle closed small Bearish around 186.860 as price remain within the recent 4h consolidation zone.
– Buys on close above 187.170 targeting 1h Resistance formed around 187.500, Leaving Runners to the 1h strong Resistance formed around 187.840.
– Sells on close below 186.620 targeting 1h Strong Support formed around 186.320, Leaving Runners to the 4h Support formed around 185.890.
– Ideally is to allow the Asian session to consolidate and wait for high volume time around the Pre London / London Open leading to New York session.
XAUUSD Technical Analysis 29.11.2033 1h chart– Previous Daily candle closed strong Bullish around 2041.100 as price approaches a Weekly Rejection wick formed in May 2023.
– Buys on close above 2046.000 targeting Daily Resistance formed on 5th May 2023 around 2051.000, Leaving Runners to the 1h strong Resistance formed on 4th May 2023 around 2057.000.
– Sells on close below 2037.600 targeting Hourly open candle formed around 2031.000, Leaving Runners to the 30min Support formed around 2025.200.
– High Impact News ahead of the New York session for the US Dollar, Prelim GDP q/q and Prelim GDP Price Index q/q, High Volatility expected.
GBPJPY Technical Analysis 29.11.2023 1h chart– Previous Daily candle closed small Bearish around 187.130 as price ranged on the 4h timeframe.
– Buys on close above 187.780 targeting Daily Resistance formed around 188.300, Leaving Runners to the 1h Resistance formed around 188.600.
– Sells on close below 187.040 targeting 1h Support around 186.650, Leaving Runners to the 4h Support formed around 186.390.
– Bank Of England Governor Andrew Bailey due to deliver brief remarks at an event celebrating the 50th anniversary of the London Foreign Exchange Joint Standing Committee.
XAUUSD Technical Analysis 28.11.2023 1h chart– Previous Daily candle closed strong Bullish around 2014.300 as price break above the previous Monthly High.
– Buys on close above 2017.400 targeting 4h previous Support formed on 11th May 2023 around 2022.600, Leaving Runners to the 4h previous Support formed on 10th May 2023 around 2027.800.
– Sells on close below 2008.600 targeting 4h previous Resistance formed on 22nd November 2023 around 2002.200, Leaving Runners to the 1h Support formed around 1997.900.
– High Impact News ahead of the New York session for the US Dollar, starting with CB Consumer Confidence, S&P/CS Composite- 20HPI y/y, Richmond Manufacturing Index and FOMC Member Waller speech.
GBPJPY Technical Analysis 28.11.2023 1h chart– Previous Daily candle closed Bearish around 187.680 forming Daily Resistance around 188.300.
– Buys on close above 187.950 targeting Daily Resistance formed around 188.300, Leaving Runners to the 1h Resistance formed around 188.600.
– Sells on close below 187.240 targeting 4h previous Resistance formed around 186.840, Leaving Runners to the 4h Support formed around 186.390.
– As the Monday Daily candle closed Bearish forming Daily Resistance within the Monthly Rejection Wick formed in November 2015, There is a good probability to see Weekly Resistance formed within the current Weekly candle.
XAUUSD Technical Analysis 27.11.2023 1h chart– Previous Weekly candle closed Bullish around 2002.600 just below recent Weekly Resistance formed on 30th October 2023, Friday Daily candle closed Bullish breaking above last week’s Wednesday Daily Resistance.
– Buys on close above 2005.600 targeting previous Daily Support formed on 15th May 2023 around 2010.900, Leaving Runners to the Weekly Resistance formed on 8th May 2023 around 2016.900.
– Sells on close below 1998.300 targeting 4h Support around 1992.700, Leaving Runners to the 1h Support formed around 1988.500.
– High Impact News ahead of the New York session for the US Dollar, New Home Sales forecasted at 724k, Previously was 759k.
GBPJPY Technical Analysis 27.11.2023 1h chart– Previous Weekly candle closed Bullish around 188.340 filling Rejection Wick formed recently on the Weekly timeframe, Friday Daily candle closed Bullish breaking above recent Daily Resistance formed on 16th November 2023.
– Buys on close above 188.650 targeting previous Weekly Support formed on 13th July 2015 around 189.320, Leaving Runners to the Daily Rejection formed on 25th August 2015 around 190.020.
– Sells on close below 187.910 targeting 4h previous Resistance formed at 187.540, Leaving Runners to the 30min Support formed around 187.140.
– Ideally is to allow the Asian session to consolidate forming a new Range for the new Weekly candle.
XAUUSD Technical Analysis 24.11.2023 1h chart– Previous Daily candle closed weak Bullish around 1993.000 forming weak Daily Support around 1989.800.
– Buys on close above 1996.500 targeting 1h Strong Resistance around 2002.000, Leaving Runners to the Daily Resistance formed on 30th October 2023 around 2006.100.
– Sells on close below 1989.800 targeting 4h Support formed around 1985.200, Leaving Runners to the 4h previous Resistance formed around 1981.000.
– High Impact News ahead of the New York session for the US Dollar, Flash Manufacturing PMI and Flash Services PMI, High Volatility expected.
GBPJPY Technical Analysis 24.11.2023 1h chart– Previous Daily candle closed Bullish around 187.380 as price approaches the previous Weekly Rejection formed around 188.280.
– Buys on close above 187.650 targeting Daily Resistance around 187.910, Leaving Runners to the 1h Resistance formed around 188.230.
– Sells on close below 187.170 targeting 4h previous Resistance formed around 186.830, Leaving Runners to the 4h Support formed around 186.400.
– Ideally is to allow the Asian session to form a consolidation zone and wait for High Volume time with a strong confirmation.
XAUUSD Technical Analysis 23.11.2023 1h chart– Previous Daily candle closed Bearish around 1989.900 forming Daily Resistance at 1998.600 as price failed to break above Weekly Resistance formed on 30th October 2023.
– Buys on close above 1922.800 targeting Daily Resistance around 1998.600, Leaving Runners to the 1h Resistance formed around 2003.800.
– Sells on close below 1985.400 targeting 4h previous Resistance formed around 1981.000, Leaving Runners to the 30min Support formed at 1976.800.
– Price could possibly range as US Banks will be closed in observance of Thanksgiving Day.
GBPJPY Technical Analysis 23.11.2023 1h chart– Previous Daily candle closed Bullish around 186.820 respecting Daily Support formed on Tuesday.
– Buys on close above 187.150 targeting 4h Resistance formed around 187.600, Leaving Runners to the Daily Resistance formed around 187.910.
– Sells on close below 186.400 targeting 4h previous Resistance formed around 186.020, Leaving Runners to the 30min Support formed around 185.690.
– High Impact News ahead of the London session for the Pound Sterling, Flash Manufacturing PMI and Flash Services PMI, High Volatility expected.
XAUUSD Technical Analysis 22.11.2023 1h chart– Previous Daily candle closed strong Bullish around 1998.700 forming strong Daily Support around 1977.600.
– Buys on close above 2005.500 targeting 4h Resistance formed on 16th May 2023 around 2012.300, Leaving Runners to the Weekly Resistance formed around 2017.300.
– Sells on close below 1996.000 targeting 4h previous Resistance around 1991.900, Leaving Runners to the 4h Support formed around 1985.400.
– High Impact News ahead of the New York session for the US Dollar, Unemployment Claims, Revised UoM Consumer Sentiment, Core Durable Goods Orders m/m and Durable Goods Orders m/m.
GBPJPY Technical Analysis 22.11.2023 1h chart– Previous Daily candle closed Bullish around 186.020 forming Daily Support around 185.460, Rejecting the bottom of the Daily Range formed on the left.
– Buys on close above 186.170 targeting 1h Resistance formed around 186.770, Leaving Runners to the next 1h Resistance formed around 187.130.
– Sells on close below 185.540 targeting 4h Support formed around 185.060, Leaving Runners to the 30min Support formed at 184.640.
– Monetary Policy Report Hearings that could impact the Pound Sterling during the London session.
XAUUSD Technical Analysis 21.11.2023 1h chart– Previous Daily candle closed weak Bearish around 1977.800 as price respects the Daily Resistance formed on Friday last week.
– Buys on close above 1983.600 targeting Monthly Resistance formed in May 2023 around 1989.700, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200.
– Sells on close below 1973.700 targeting 4h Support formed around 1968.200, Leaving Runners to the previous Daily Resistance formed on 15th November 2023 around 1963.300.
– Medium Impact News ahead of the New York session for the US Dollar, Home Existing Sales, Later on the session we have FOMC Meeting Minutes.
GBPJPY Technical Analysis 21.11.2023 1h chart– Previous Daily candle closed strong Bearish around 185.470 retesting Daily consolidation zone formed couple of weeks ago.
– Buys on close above 185.670 targeting 1h Resistance formed around 186.090, Leaving Runners to the 4h Resistance formed around 186.460.
– Sells on close below 185.180 targeting 1h Support formed around 184.800, Leaving Runners to the 1h previous Monthly Resistance formed in September 2023 around 184.360.
– There could be a potential Daily Support to be formed around 184.500 level before the continuation to the downside.
XAUUSD Technical Analysis 20.11.2023 1h chart– Previous Weekly candle closed strong Bullish at 1980.700 forming strong Weekly Support around 1938.400, Friday Daily candle closed weak Bearish forming weak Daily Resistance around 1981.400.
– Buys on close above 1984.800 targeting 30min Resistance formed around 1990.200, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200.
– Sells on close below 1978.700 targeting 4h previous Resistance formed around 1971.700, Leaving Runners to the 1h Support formed around 1964.200.
– As a new Weekly candle opening, Ideally is to allow the Asian session to form a new range and wait for Pre London / London session leading to New York session for high volume time.
GBPJPY Technical Analysis 20.11.2023 1h chart– Previous Weekly candle closed Bullish at 186.420 leaving a Rejection wick to the upside around 188.290, Friday Daily candle closed Bearish as price retested the recent Daily consolidation zone.
– Buys on close above 186.600 targeting 4h Resistance around 187.010, Leaving Runners to the 4h previous Support formed around 187.420.
– Sells on close below 186.120 targeting 4h Support around 185.650, Leaving Runners to the next 4h Support formed around 185.140.
– Bank Of England Governor Andrew Bailey due to speak at the Henry Plumb Memorial Lecture in England.
XAUUSD Technical Analysis 17.11.2023 1h chart– Previous Daily candle closed Strong Bullish around 1981.600 forming Daily Support around 1959.600.
– Buys on close above 1987.900 targeting Daily Resistance formed around 1992.800, Leaving Runners to the 4h Resistance formed around 2000.300 retesting Strong Key Level.
– Sells on close below 1979.000 targeting 1h previous Resistance formed around 1973.700, Leaving Runners to the next 1h previous Resistance formed around 1967.700.
– Medium Impact News ahead of the New York session for the US Dollar, Building Permits forecasted at 1.45M, previously was 1.47M.