XAUUSD Technical Analysis 20.10.2023 1h chart

– Previous Daily candle closed strong Bullish around 1974.100 as price continue to push through higher timeframe Resistances.
– Buys on close above 1978.100 targeting Weekly previous Support formed on 24th April 2023 around 1982.800, Leaving Runners to the Monthly Resistance formed in May 2023 around 1989.500.
– Sells on close below 1970.500 targeting previous Monthly Resistance formed in August 2023 around 1970.500, Leaving Runners to the 15min previous Resistance formed around 1959.900.
– High Impact News ahead of the New York session as FOMC Member Harker due to speak about the economic outlook at the Risk Management Association, In Philadelphia.