XAUUSD Technical Analysis 20.01.2023 1h chart

– Previous Daily candle closed Strong Bullish at 1932.300 breaking the Daily Resistance formed on 16th January 2023 at 1920.400, forming new Daily Support at 1904.600.
– Buys on close above 1935.500 targeting 4h previous Support formed on 21st April 2022 at 1940.700, Leaving Runners to the Daily previous Support formed on 20th April 2022 at 1949.500.
– Sells on close below 1928.400 targeting 4h previous Resistance formed on 16th January 2023 at 1924.200, Leaving Runners to the 1h Support formed at 1919.900.
– We have Home Existing Sales forecasting : 3.95M, Previous : 4.09M, we also have FOMC Member Waller due to speak at the Council on Foreign Relations in New York.