XAUUSD Technical Analysis 12th December 2024 1h chart

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 XAUUSD Technical Analysis 12th December 2024 1h chart

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XAUUSD Technical Analysis 12th December 2024 1h chatt



Wednesday Daily candle closed strong Bullish at 2717.600 as price taps into Daily Resistance formed on 24th November 2024. I'll be looking for potential Buys above 2721.200 targeting previous 4h Support formed on 5th November 2024 around 2730.400 Leaving Runners to the Hourly Resistance formed at 2741.800. I'll be looking for potential Sells below 2713.200 targeting 4h previous Resistance formed at 2704.000 Leaving Runners to the Hourly Support formed at 2695.600. High Impact News ahead of the New York session for the US Dollar with Core PPI m/m, PPI m/m and Unemployment Claims. High Volatility expected.


 

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