XAUUSD Technical Analysis 25.01.2024 1h chart
– Previous Daily candle closed strong Bearish around 2014.200 breaking out of the recent Daily Range, Forming Daily Resistance around 2029.700.
– Buys on close above 2019.500 targeting previous 4h Support formed around 2024.500, Leaving Runners to the strong recent Daily Resistance formed around 2029.700.
– Sells on close below 2011.200 targeting Weekly Support formed on 11th December 2023 around 2004.400, Leaving Runners to the previous 1h Resistance formed on 11th December 2023 around 1999.000.
– High Impact News ahead of the New York session for the US Dollar, starting with Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, Core Durable Goods Orders m/m, followed by Durable Goods Orders m/m. High Volatility expected.
– Buys on close above 2019.500 targeting previous 4h Support formed around 2024.500, Leaving Runners to the strong recent Daily Resistance formed around 2029.700.
– Sells on close below 2011.200 targeting Weekly Support formed on 11th December 2023 around 2004.400, Leaving Runners to the previous 1h Resistance formed on 11th December 2023 around 1999.000.
– High Impact News ahead of the New York session for the US Dollar, starting with Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, Core Durable Goods Orders m/m, followed by Durable Goods Orders m/m. High Volatility expected.
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