XAUUSD Technical Analysis 08.02.2023 1h chart

– Previous Daily candle closed weak Bullish at 1872.000 respecting Daily Support formed on Monday and rejecting the Monday Daily high range.
– Buys on close above 1881.000 targeting 30min previous Support formed on 12th January 2023 at 1887.300, Leaving Runners to the 4h previous Support formed on 13th January 2023 at 1893.000.
– Sells on close below 1863.500 targeting Daily previous Resistance formed on 5th January 2023 at 1855.000, Leaving Runners to the 4h previous Support formed on 4th January 2023 at 1849.800.
– Ideally is to wait for price to close outside the 4h Consolidation Zone despite the Zone been over 150 Pips.