XAUUSD Technical Analysis 08.01.2024 1h chart
– Previous Weekly candle closed Bearish around 2045.700 forming Weekly Resistance around 2063.000, Friday Daily candle closed Doji Bullish forming huge Rejection to the Upside and the Downside
– Buys on close above 2048.600 targeting 1h Resistance around 2055.000, Leaving Runners to the 15min Resistance around 2061.100.
– Sells on close below 2037.700 targeting Daily Support formed on 21st December 2023 around 2031.200, Leaving Runners to the 1h Support formed on 19th December 2023 around 2025.500.
– 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 2048.600 targeting 1h Resistance around 2055.000, Leaving Runners to the 15min Resistance around 2061.100.
– Sells on close below 2037.700 targeting Daily Support formed on 21st December 2023 around 2031.200, Leaving Runners to the 1h Support formed on 19th December 2023 around 2025.500.
– 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.
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