XAUUSD Technical Analysis 16.01.2024 1h chart
– Previous Daily candle closed weak Bullish around 2055.400 as price ranged across the Monday sessions.
– Buys on close above 2058.700 targeting 4h Resistance formed around 2064.200, Leaving Runners to the 1h Resistance formed on 2nd January 2024 around 2070.600.
– Sells on close below 2050.500 targeting Weekly Support formed around 2045.500, Leaving Runners to the 4h previous Resistance formed on 9th January 2024 around 2039.000.
– High Impact News ahead of the New York session for the US Dollar, Empire State Manufacturing Index forecasted at -4.9, previous : -14.5.
– Buys on close above 2058.700 targeting 4h Resistance formed around 2064.200, Leaving Runners to the 1h Resistance formed on 2nd January 2024 around 2070.600.
– Sells on close below 2050.500 targeting Weekly Support formed around 2045.500, Leaving Runners to the 4h previous Resistance formed on 9th January 2024 around 2039.000.
– High Impact News ahead of the New York session for the US Dollar, Empire State Manufacturing Index forecasted at -4.9, previous : -14.5.