XAUUSD Technical Analysis 18.01.2024 1h chart
– Previous Daily candle closed extremely Bearish around 2006.300 breaking below previous Weekly Low and tapping into previous Weekly Resistance formed on 30th October 2023.
– Buys on close above 2012.300 targeting previous 1h Support formed around 2019.300, Leaving Runners to the 4h Resistance formed around 2024.700.
– Sells on close below 2002.000 targeting previous 1h Resistance formed on 11th December 2023 around 1996.200, Leaving Runners to the previous Monthly Resistance formed in May 2023 around 1989.700.
– High Impact News ahead of the New York session for the US Dollar, Starting with Unemployment Claims and Building Permits followed by Philly Fed Manufacturing Index, High Volatility expected.
– Buys on close above 2012.300 targeting previous 1h Support formed around 2019.300, Leaving Runners to the 4h Resistance formed around 2024.700.
– Sells on close below 2002.000 targeting previous 1h Resistance formed on 11th December 2023 around 1996.200, Leaving Runners to the previous Monthly Resistance formed in May 2023 around 1989.700.
– High Impact News ahead of the New York session for the US Dollar, Starting with Unemployment Claims and Building Permits followed by Philly Fed Manufacturing Index, High Volatility expected.