XAUUSD Technical Analysis 26.05.2023 1h chart

– Previous Daily candle closed Bearish at 1940.500 closing below Daily Support formed on Friday 19th May 2023  and tapping into Daily Support formed on 22nd March 2023.
– Buys on close above 1946.700 targeting previous 1h Support formed at 1955.500, Leaving Runners to the 4h Resistance formed at 1962.500.
– Sells on close below 1937.000 targeting 4h previous Resistance formed on 17th March 2023 at 1931.000, Leaving Runners to the 30min Support formed on 17th March 2023 at 1926.900.
– High Impact News ahead for the US Dollar during the New York session for the PCE Price Index m/m, Core Durable Goods Orders m/m, Durable Goods Orders m/m and the Revised UoM Consumer Sentiment.