XAUUSD Technical Analysis 26.01.2024 1h chart
– Previous Daily candle closed Bullish around 2021.000 forming Daily Support around 2014.100 as price retraces back into the Daily consolidation zone.
– Buys on close above 2023.800 targeting Strong Daily Resistance formed around 2029.800, Leaving Runners to the 4h Resistance formed around 2035.300.
– Sells on close below 2013.800 targeting 4h Strong Support formed around 2009.000, Leaving Runners to the Weekly Support formed around 2004.000.
– High Impact News ahead of the New York session for the US Dollar, Core PCE Price Index m/m and Pending Home Sales m/m. High Volatility expected.
– Buys on close above 2023.800 targeting Strong Daily Resistance formed around 2029.800, Leaving Runners to the 4h Resistance formed around 2035.300.
– Sells on close below 2013.800 targeting 4h Strong Support formed around 2009.000, Leaving Runners to the Weekly Support formed around 2004.000.
– High Impact News ahead of the New York session for the US Dollar, Core PCE Price Index m/m and Pending Home Sales m/m. High Volatility expected.