XAUUSD Technical Analysis 30.01.2023 1h chart

– Previous Weekly candle closed small Bullish body candle at 1927.700 leaving rejection wicks on the weekly Low and High closing below Monthly Resistance formed in April 2022 at 1937.200. 
– Buys on close above 1931.200 targeting 4h Resistance at 1937.800, Leaving Runners to the 30min Resistance at 1943.800.
– Sells on close below 1921.600 targeting 1h Support formed at 1916.500, Leaving Runners to the 1h previous Resistance formed on 19th January 2023 at 1912.600.
– The Friday Daily candle closed weak Bearish at 1927.700 within the recent Daily Rejection wicks as the 4h is also in Consolidation, Important week coming up ahead for the US Dollar as we have ADP and Federal Funds Rate on Wednesday then the NFP and Unemployment Rate on Friday, so price could possibly consolidate further on the 4h timeframe prior to the news.