XAUUSD Technical Analysis 13th January 2025 1h chart

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 XAUUSD Technical Analysis 13th January 2025 1h chart

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XAUUSD Technical Analysis 13th January 2025 1h chart





- Previous Weekly candle closed Bullish at 2689.300 filling the previous Weekly High and closing above Weekly Range. Friday Daily candle closed Bullish as well.

- I'll be looking for potential Buys above 2696.200 targeting previous 1h Support formed on 12th December 2024 around 2705.000 Leaving Runners to the 4h Resistance formed on 12th December 2024 around 2714.700.

- I'll be looking for potential Sells below 2685.700 targeting 30min Support formed at 2677.200 Leaving Runners to the Hourly strong Support formed at 2669.300.

- Price is approaching weekly rejection/resistance. Will it break through and continue bullish, filling the wick, or will it reject and shift bearish? Eyes on the next move!





 

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