XAUUSD Technical Analysis 02.08.2023 1h chart

– Previous Daily candle closed Bearish at 1944.200 forming Daily Resistance around 1965.600 closing just below the Daily Support formed on Friday last week.
– Buys on close above 1948.800 targeting 4h previous Support formed at 1953.500, Leaving Runners to the 1h Resistance formed at 1957.500.
– Sells on close below 1941.200 targeting 4h Support formed at 1934.800, Leaving Runners to the previous 4h Resistance formed on 5th July 2023 at 1929.300.
– High Impact News ahead of the New York session for ADP Non-Farm Employment Change, High Volatility expected during the news release.