XAUUSD Technical Analysis 25.08.2023 1h chart

– Previous Daily candle closed Weak Bullish at 1916.800 as price consolidated with the No Trade Zone from yesterday’s Analysis.
– Buys on close above 1921.800 targeting 4h Resistance formed at 1926.300, Leaving Runners to the 1h Resistance formed at 1931.000.
– Sells on close below 1914.500 targeting 15min Support at 1909.100, Leaving Runners to the 30min Support formed at 1903.800.
– High Impact News ahead of the New York session, starting with Revised UoM Consumer Sentiment, Fed Chair Powell due to speak about the economic outlook at the Jackson Hole Economic Policy Symposium in Wyoming, after that we have FOMC Member Harker due to discuss the economic outlook in an interview conducted by Bloomberg TV, After that another interview conducted by Yahoo Finance Live. High Volatility expected.