XAUUSD Technical Analysis 03.05.2023 1h chart

– Previous Daily candle closed strong Bullish at 2016.600 breaking above the Consolidation Zone on the Daily timeframe, Forming new Daily Support at 1982.500.
– Buys on close above 2020.000 targeting 15min Resistance formed on 14th April 2023 at 2027.100, Leaving Runners to the 30min previous Support formed on 14th April 2023 at 2032.200.
– Sells on close below 2012.000 targeting 15min Support at 2008.200, Leaving Runners to the Daily previous Strong Resistance formed on 21st April 2023 at 2004.500.
– High Impact News day ahead for the US Dollar starting with ADP Non-Farm Employment Change and ISM Services PMI at the New York session open, later on the Day we have the Federal Funds Rate review forecasting an increase in rates to 5.25% from 5.00% followed by FOMC Press Conference, High Volatility expected during the news.