XAUUSD Technical Analysis 11.10.2023 1h chart

XAUUSD Technical Analysis 11.10.2023 1h chart
– Previous Daily candle closed weak Bearish at 1860.500 forming Daily Resistance around 1861.500 as price has been consolidating within the 4h timeframe.
– Buys on close above 1864.200 targeting 1h previous Support formed on 29th September 2023 at 1869.500, Leaving Runners to the 1h Resistance at 1874.500.

– Sells on close below 1854.500 targeting 1h Support formed at 1849.800, Leaving Runners to the 1h Support formed at 1844.500.
– High Impact News ahead of the New York session for the US Dollar, Starting with Core PPI m/m and PPI m/m, followed by FOMC Meeting Minutes and FOMC Member Waller participating in a fireside chat at the E2 Summit in Utah. High Volatility expected.