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XAUUSD Technical Analysis 14th November 2024 1h chart | DM

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 XAUUSD Technical Analysis 14th November 2024 1h chart | DM

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Wednesday Daily candle closed strong Bearish at 2572.400 as price rejects the 2600s Key Level. I'll be looking for potential Buys above 2584.400 targeting previous 4h Support formed at 2593.400 Leaving Runners to the Hourly Resistance formed at 2605.400. I'll be looking for potential Sells below 2570.000 targeting Daily Support formed at 2558.300 Leaving Runners to the Daily Rejection formed on 17th September 2024 around 2547.000. High-impact data releases ahead in the New York session, with the U.S. Dollar in focus. Core PPI m/m, PPI m/m, and Unemployment Claims top the list of key indicators set to drive market movement. With multiple reports impacting inflation and employment outlooks, high volatility is anticipated as traders brace for potential shifts in the USD's trajectory.

 

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