XAUUSD Technical Analysis 15.01.2024 1h chart
– Previous Weekly candle closed Doji Bullish around 2049.100 forming weak Weekly Support around 2045.500, Friday Daily candle closed strong Bullish above recent Daily range, Rejecting recent Weekly Resistance.
– Buys on close above 2056.500 targeting Weekly Resistance formed on 1st January 2024 around 2063.100, Leaving Runners to the 1h Resistance formed on 2nd January 2024 around 2070.600.
– Sells on close below 2044.000 targeting 1h Support formed around 2038.000, Leaving Runners to the previous 4h Resistance formed on 11th November 2024 around 2033.000.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open.
– Buys on close above 2056.500 targeting Weekly Resistance formed on 1st January 2024 around 2063.100, Leaving Runners to the 1h Resistance formed on 2nd January 2024 around 2070.600.
– Sells on close below 2044.000 targeting 1h Support formed around 2038.000, Leaving Runners to the previous 4h Resistance formed on 11th November 2024 around 2033.000.
– Ideally is to allow the Asian session to form a new range for the new week ahead and wait for high volume time around the Pre London / London session open.