XAUUSD Technical Analysis 13th December 2024 1h chart

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 XAUUSD Technical Analysis 13th December 2024 1h chart

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Thursday Daily candle closed strong Bearish at 2680.200 forming Daily Resistance formed at 2717.700 as price respects Daily Resistance formed on 24th November 2024. I'll be looking for potential Buys above 2686.500 targeting 4h recent Rejection formed at 2698.800 Leaving Runners to the 30min Resistance formed at 2708.100. I'll be looking for potential Sells below 2675.000 targeting 4h Support formed at 2665.200 Leaving Runners to the previous 4h Resistance formed on the 5th December 2024 around 2655.000. The market has seen a heavy pullback, dropping back below the critical 2700s level. This move marks a significant shift and raises key questions about the next potential support zones. Stay tuned for further analysis and updates as the market unfolds.

XAUUSD Technical Analysis 13th December 2024 1h chart


 

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