XAUUSD Technical Analysis 22.01.2024 1h chart
– Previous Weekly candle closed Bearish around 2029.600 forming Weekly Resistance around 2049.200, Friday daily candle closed weak Bullish rejecting 2040s area.
– Buys on close above 2035.300 targeting 1h Resistance formed around 2041.600, Leaving Runners to the Weekly Resistance formed around 2049.200.
– Sells on close below 2024.900 targeting 1h Support around 2019.400, Leaving Runners to the 4h previous Resistance formed on 18th January 2024 around 2012.000.
– 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 2035.300 targeting 1h Resistance formed around 2041.600, Leaving Runners to the Weekly Resistance formed around 2049.200.
– Sells on close below 2024.900 targeting 1h Support around 2019.400, Leaving Runners to the 4h previous Resistance formed on 18th January 2024 around 2012.000.
– 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.