XAUUSD Technical Analysis 19.01.2024 1h chart
– Previous Daily candle closed strong Bullish around 2023.100 forming Daily Support around 2006.200 as weekly candle retraces.
– Buys on close above 2025.500 targeting 4h Resistance around2030.500, Leaving Runners to the 1h previous Support formed on 16th January 2024 around 2036.900.
– Sells on close below 2019.300 targeting 15min Support formed around 2014.300, Leaving Runners to the 4h Strong Support formed around 2009.100.
– High Impact News ahead of the New York session for the US Dollar, starting with Prelim UoM Consumer Sentiment and Existing Home Sales, followed by Prelim UoM Inflation Expectations, High Volatility expected.
– Buys on close above 2025.500 targeting 4h Resistance around2030.500, Leaving Runners to the 1h previous Support formed on 16th January 2024 around 2036.900.
– Sells on close below 2019.300 targeting 15min Support formed around 2014.300, Leaving Runners to the 4h Strong Support formed around 2009.100.
– High Impact News ahead of the New York session for the US Dollar, starting with Prelim UoM Consumer Sentiment and Existing Home Sales, followed by Prelim UoM Inflation Expectations, High Volatility expected.