XAUUSD Technical Analysis 30.08.2023 1h chart

– Previous Daily candle closed strong Bullish at 1936.400 respecting Daily Support formed on Tuesday this week.
– Buys on close above 1939.000 targeting 4h Resistance at 1944.500, Leaving Runners to the next 4h Resistance formed at 1950.000 retesting 1950s higher timeframe Key Level.
– Sells on close below 1934.100 targeting 4h previous Resistance formed on 9th August 2023 at 1930.400, Leaving Runners to the 1h previous Resistance formed at 1926.300.
– High impact news ahead of the New York session for ADP Non-Farm Employment Change, Prelim GDP q/q, followed by Prelim GDP Price Index q/q and Pending Home Sales m/m, High Volatility expected during this session.