XAUUSD Technical Analysis 16.11.2023 1h chart– Previous Daily candle closed Bearish around 1959.500 forming Daily Resistance around 1963.200 leaving a Rejection wick to the upside.
– Buys on close above 1963.500 targeting 1h previous Support formed around 1967.100, Leaving Runners to the 4h Resistance formed around 1971.700.
– Sells on close below 1956.900 targeting previous Daily Support formed on 9th November 2023 around 1950.000, Leaving Runners to the 4h Support formed around 1944.000.
– High Impact News ahead of the New York session for the US Dollar, Unemployment Claims, Philly Fed Manufacturing Index and Industrial Production m/m.
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GBPJPY Technical Analysis 16.11.2023 1h chart– Previous Daily candle closed Doji Bearish around 187.910 as price form a new range on the 4h timeframe.
– Buys on close above 188.250 targeting Monthly Rejection wick formed in November 2015 around 188.820, Leaving Runners to the Previous Weekly Support formed on 13th July 2015 around 189.320.
– Sells on close below 187.440 targeting previous Daily Resistance formed on 5th November 2015 around 187.000, Leaving Runners to the 1h previous Resistance formed around 186.630.
– Ideally is to allow the Asian session form a new range for the Thursday Daily candle and wait for strong confirmation during high volume time.
XAUUSD Technical Analysis 15.11.2023 1h chart– Previous Daily candle closed strong Bullish around 1963.200 breaking above Daily Resistance formed on Friday last week.
– Buys on close above 1969.000 targeting 1h Resistance formed around 1974.500, Leaving Runners to the 4h previous Support formed around 1978.200.
– Sells on close below 1961.500 targeting 15mins Support formed around 1954.300, Leaving Runners to the 1h previous Resistance formed around 1948.600.
– High Impact News ahead of the New York session for the US Dollar, starting with Core PPI m/m, Core Retail Sales m/m, Empire State Manufacturing Index, PPI m/m and Retail Sales m/m followed by the Crude Oil Inventories.
GBPJPY Technical Analysis 15.11.2023 1h chart– Previous Daily candle closed strong Bullish around 187.900 tapping into a Rejection Monthly area formed in November 2015.
– Buys on close above 188.300 targeting Monthly Rejection formed in November 2015 around 188.820, Leaving Runners to the previous Weekly Support formed on 13th July 2015 around 189.320.
– Sells on close below 187.660 targeting previous Daily Resistance formed on 5th November 2015 around 187.000, Leaving Runners to the 1h previous Resistance formed around 186.630.
– High Impact News ahead at the Pre London session open. CPI y/y, High Volatility expected at the London session open.
XAUUSD Technical Analysis 14.11.2023 1h chart– Previous Daily candle closed Bullish around 1946.200 forming Daily Support around 1938.400.
– Buys on close above 1949.400 targeting 1h Resistance formed around 1954.200, Leaving Runners to the Daily Resistance formed around 1958.400.
– Sells on close below 1944.000 targeting Daily Support formed around 1938.400, Leaving Runners to the 1h Support formed around 1932.600.
– High Impact News ahead of the New York session for the US Dollar, Core PPI m/m, , CPI m/m and CPI y/y, High Volatility expected during the New York Stock Exchange session.
GBPJPY Technical Analysis 14.11.2023 1h chart– Previous Daily candle closed strong Bullish around 186.240 breaking out of the Daily Consolidation Zone formed last week.
– Buys on close above 186.320 targeting 4h Resistance formed around 186.640, Leaving Runners to the previous Daily Resistance formed on 5th November 2023 around 187.000.
– Sells on close below 185.810 targeting 1h Support formed around 185.450, Leaving Runners to the next 1h Support formed around 185.130.
– High Impact News at Pre London session open, Claimant Count Change and Average Earnings Index 3m/y, High Volatility expected at the London open.
XAUUSD Technical Analysis 13.11.2023 1h chart– Previous Weekly candle closed strong Bearish at 1938.400, Friday Daily candle closed Bearish forming new Daily Resistance around 1958.600.
– Buys on close above 1945.900 targeting 4h Resistance around 1953.600, Leaving Runners to the next 4h Resistance formed around 1959.300.
– Sells on close below 1933.000 targeting 4h previous Resistance formed on 17th October 2023 around 1926.400, Leaving Runners to the Daily Support formed on 17th October 2023 around 1920.000.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for Pre London / London open for high volume time.
GBPJPY Technical Analysis 13.11.2023 1h chart– Previous Weekly candle closed Bullish at 185.150 leaving a Rejection wick to the upside around 185.960, Friday Daily candle closed small Bullish within the Daily Consolidation Zone.
– Buys on close above 185.340 targeting 4h Resistance around 185.780, Leaving Runners to the Weekly Rejection formed on 28th August 2023 around 186.060.
– Sells on close below 184.640 targeting previous Daily Resistance formed on 1st November 2023. around 184.220, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.750.
– The Analysis has been kept the same as the ones posted for Friday as price consolidated within the No Trade Zone provided for Friday.
XAUUSD Technical Analysis 10.11.2023 1h chart– Previous Daily candle closed Bullish around 1958.400 forming Daily Support around 1950.300.
– Buys on close above 1964.400 targeting 1h Resistance formed around 1969.500, Leaving Runners to the next 1h Resistance formed around 1974.500.
– Sells on close below 1956.000 targeting Daily Support formed around 1950.300, Leaving Runners to the 1h Support formed around 1945.500.
– High Impact News ahead for the US Dollar, Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.
GBPJPY Technical Analysis 10.11.2023 1h chart– Previous Daily candle closed Bearish around 184.930 forming Daily Resistance around 185.420 as price consolidate on Daily timeframe within the current Weekly candle.
– Buys on close above 185.320 targeting 4h Resistance formed around 185.780, Leaving Runners to the Weekly Rejection formed on 28th August 2023 around 186.060.
– Sells on close below 184.640 targeting previous Daily Resistance formed on 1st November 2023 around 184.220, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.750.
– High Impact News ahead of the Pound Sterling before London Open, GDP m/m and Prelim GDP q/q, High Volatility expected during the London session open.
XAUUSD Technical Analysis 09.11.2023 1h chart– Previous Daily candle closed Strong Bearish around 1950.300 filling the rejection wick formed on Tuesday.
– Buys on close above 1956.400 targeting 30min previous Support formed around 1960.600, Leaving Runners to the 1h Resistance formed around 1965.200.
– Sells on close below 1947.300 targeting Weekly previous Resistance formed on 4th September 2023 around 1940.200, Leaving Runners to the Daily previous Resistance formed on 19th September 2023 around 1934.000.
– High Impact News ahead of the New York session for the US Dollar, starting with Unemployment Claims, Federal Reserve Chair Jerome Powell due to participate in a panel discussion titled ” Monetary Challenges in a Global Economy ” at the Jacques Polak Annual Research Conference in Washington DC.
GBPJPY Technical Analysis 09.11.2023 1h chart– Previous Daily candle closed Bullish around 185.420 breaking above weak Daily Resistance formed on Tuesday, Forming Daily Support around 184.820.
– Buys on close above 185.670 targeting Daily Resistance formed on 31st August 2023 around 185.970, Leaving Runners to the Daily Resistance formed on 22nd August 2023 around 186.430.
– Sells on close below 185.200 targeting 1h Support formed around 184.900, Leaving Runners to the 4h Support formed around 184.620.
– Ideally is to allow the Asian session to consolidate and wait for a much stronger confirmation during high volume time at Pre London / London open leading to New York session.
XAUUSD Technical Analysis 08.11.2023 1h chart– Previous Daily candle closed Bearish around 1969.300 just below Daily Support formed on 25th October 2023.
– Buys on close above 1971.100 targeting 1h Resistance formed around 1974.200, Leaving Runners to the next 1h Resistance formed around 1978.400.
– Sells on close below 1967.000 targeting 4h Support formed around 1963.600, Leaving Runners to the 1h Support formed around 1958.800.
– Federal Reserve Chair Jerome Powell due to deliver opening remarks at the Division of Research and Statistics Centennial Conference in Washington DC.
GBPJPY Technical Analysis 08.11.2023 1h chart– Previous Daily candle closed Bearish around 184.810 forming Daily Resistance around 185.190.
– Buys on close above 185.370 targeting 4h Resistance formed around 185.600, Leaving Runners to the Daily Resistance formed on 31st August 2023 around 185.970.
– Sells on close below 184.650 targeting Daily Resistance formed on 1st November 2023 around 184.220, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.730.
-Bank Of England Governor Andrew Bailey due to speak at the Central Bank of Ireland Financial System Conference in Dublin.
XAUUSD Technical Analysis 07.11.2023 1h chart– Previous Daily candle closed Bearish around 1978.000 breaking below Daily Support formed on Thursday 2nd November, forming a new Daily Resistance around 1992.600.
– Buys on close above 1980.500 targeting 30min Resistance formed around 1984.500, Leaving Runners to the Monthly Resistance formed in May 2023 around 1989.500.
– Sells on close below 1974.900 targeting Daily Support formed on 25th October 2023 formed around 1970.400, Leaving Runners to the 4h Support formed around 1964.600.
– FOMC Member Waller due to deliver a speech titled ” Using Economic Data to Understand the Economy ” at the Federal Reserve Bank of St. Louis Conference, Audience questions expected.
GBPJPY Technical Analysis 07.11.2023 1h chart– Previous Daily candle closed Bullish at 185.180 leaving a Rejection wick around 185.970.
– Buys on close above 185.570 targeting 1h Resistance around 185.910, Leaving Runners to the Daily Resistance formed on 22nd August 2023 around 186.420.
– Sells on close below 185.030 targeting 1h Support formed around 184.730, Leaving Runners to the Monthly previous Resistance formed on September 2023 around 184.350.
– There is a high probability for the weekly candle to break its own low to form a bottom wick as the Monday Daily candle rejects the upside.
XAUUSD Technical Analysis 06.11.2023 1h chart– Previous Weekly candle closed small Bearish at 1992.500 forming Weekly Resistance around 2006.200, Friday Daily candle closed small Bullish forming a Rejection wick to the upside.
– Buys on close above 1995.300 targeting 4h Resistance around 2000.500, Leaving Runners to the Daily Resistance formed on Tuesday 31st October 2023 around 2006.200.
– Sells on close below 1990.300 targeting 4h Support around 1985.600, Leaving Runners to the next 4h Support formed around 1981.600.
– Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.
GBPJPY Technical Analysis 06.11.2023 1h chart– Previous Weekly candle closed strong Bullish at 184.770 forming Strong Weekly Support around 181.280, Friday Daily candle also closed strong Bullish breaking above Daily Resistance formed on Wednesday 1st November 2023.
– Buys on close above 185.020 targeting Daily Resistance formed on 6th September 2023 around 185.540, Leaving Runners to the Daily Resistance formed on 31st August 2023 around 185.950.
– Sells on close below 184.480 targeting Daily previous Resistance formed on 1st November 2023 around 184.210, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.740.
– Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.
XAUUSD Technical Analysis 03.11.2023 1h chart– Previous Daily candle closed small Bullish around 1986.100 forming weak Daily Support around 1982.300.
– Buys on close above 1990.500 targeting 1h previous Support formed around 1995.600, Leaving Runners to the 1h Resistance formed around 2002.500.
– Sells on close below 1981.200 targeting 4h Support formed around 1977.200, Leaving Runners to the Daily Support formed around 1970.900.
– High Impact News ahead of the New York session for the US Dollar, Starting with Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, followed by ISM Services PMI. High Volatility expected.
GBPJPY Technical Analysis 03.11.2023 1h chart– Previous Daily candle closed small Bullish at 183.580 forming weak Daily Support around 183.420 as price continue to range on the 4h timeframe.
– Buys on close above 183.730 targeting Daily Resistance formed around 184.220, Leaving Runners to the 4h Resistance around 184.640.
– Sells on close below 182.940 targeting 4h previous Resistance formed around 182.500, Leaving Runners to the 30min Support formed around 182.040.
– Ideally is to wait for price to break and close out of the No Trade Zone during high volume time, Pre London / London open is expected to have decent volume.
XAUUSD Technical Analysis 02.11.2023 1h chart– Previous Daily candle closed Doji Bearish around 1982.400 as price tapped and rejected the Daily Support formed on Wednesday 25th October 2023.
– Buys on close above 1987.000 targeting 1h previous Support formed around 1992.200, Leaving Runners to the 4h Resistance formed around 1997.200.
– Sells on close below 1974.700 targeting 1h Support formed around 1969.500, Leaving Runners to the 4h Support formed around 1964.000.
– High Impact News ahead of the New York session for the US Dollar for Unemployment Claims.
GBPJPY Technical Analysis 02.11.2023 1h chart– Previous Daily candle closed Bearish around 183.410 forming new Daily Resistance around 184.210.
– Buys on close above 183.620 targeting 1h Resistance formed around 183.990, Leaving Runners to the Daily Resistance formed around 184.300.
– Sells on close below 182.940 targeting 4h previous Resistance formed around 182.500, Leaving Runners to the 30min Support formed around 182.040.
– High Impact News ahead of the London session / Pre New York session open for the Pound Sterling, Starting with BOE Monetary Policy Report, Monetary Policy Summary, MPC Official Bank Rate Votes, followed by a Press Conference hosted by Bank Of England Governor Andrew Bailey to discuss their decision on the interest rate, High Volatility expected.
XAUUSD Technical Analysis 01.11.2023 1h chart– Previous Daily candle closed Bearish around 1983.800 respecting Daily Resistance formed on Monday, October Monthly candle closed extremely Bullish breaking and closed above Monthly Resistance formed in August 2023 closing just below Monthly Resistance formed in May 2023, Forming Strong Monthly Support around 1848.000
– Buys on close above 1987.000 targeting 1h previous Support formed at 1992.200, Leaving Runners to the 4h Resistance formed around 1997.200.
– Sells on close below 4h previous Resistance formed on 25th October 2023 around 1974.700, Leaving Runners to the Daily Support formed around 1970.600.
– High Impact News ahead of the US Dollar, starting with ADP Non-Farm Employment Change, ISM Manufacturing PMI, JOLTS Job Openings and ISM Manufacturing Prices, Later on the day we have Federal Funds Rate, FOMC Statement followed by FOMC Press Conference. High Volatility expected.