XAUUSD Technical Analysis 24.05.2023 1h chart

– Previous Daily candle closed small Bullish candle at 1975.100 leaving 170+ wick to the downside as price rejects Daily Support formed on Friday 19th May 2023.
– Buys on close above 1977.800 targeting 4h Resistance at 1981.300, Leaving Runners to the 1h Resistance formed at 1985.300.
– Sells on close below 1972.000 targeting 1h Support at 1967.300, Leaving Runners to the 30min previous Resistance formed at 1961.600.
– Treasury Secretary Yellen due to participate in a fireside chat titled ” The U.S Economy ” at the Wall Street Journal’s CEO Council Summit.