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XAUUSD Technical Analysis 13th November 2024 1h chart | DM

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 XAUUSD Technical Analysis 13th November 2024 1h chart | DM

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Tuesday Daily candle closed Bearish at 2597.700 breaking below 2600 Strong Key Level. I'll be looking for potential Buys above 2604.000 targeting recent 4h Resistance at 2611.800 Leaving Runners to the 1h previous Support formed at 2618.900. I'll be looking for potential Sells below 2592.000 targeting 4h Support formed on 19th September 2024 around 2584.700 Leaving Runners to the next 4h Support formed on 19th September 2024 around 2576.700. Prepare for a volatile New York session as U.S. inflation reports hit the market. Core CPI m/m, CPI m/m, and CPI y/y data will offer key insights into inflation, potentially influencing the U.S. Dollar’s direction and Federal Reserve’s policy outlook. With high-impact data releases expected to spark market activity


 
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