XAUUSD Technical Analysis 21.07.2023 1h chart

– Previous Daily candle closed Bearish at 1969.500 forming Daily Resistance at 1978.900 leaving a Rejection wick at 1987.700.
– Buys on close above 1972.000 targeting 1h Resistance at 1976.500, Leaving Runners to the next 1h Resistance formed at 1981.700.
– Sells on close below 1965.400 targeting Weekly previous Resistance formed on 12th June 2023 at 1960.700, Leaving Runners to the Daily Support formed on 18th July 2023 at 1954.800.
– Ideally is to wait for price to breakout of the Consolidation zone during High Volume Time to increase the probability of winning trades.