XAUUSD Technical Analysis 18th December 2024 1h chart

Currently reading:
 XAUUSD Technical Analysis 18th December 2024 1h chart

Deadpool

Drainer :)
Staff member
Administrator
Crax Cloud
Amateur
LV
12
Joined
Nov 15, 2020
Threads
5,205
Likes
15,294
Awards
19
Credits
149,996©
Cash
9$
1000191374





Tuesday Daily candle closed weak Bearish at 2646.200 as price taps into Daily Support area on the left then retrace. I'll be looking for potential Buys above 2648.800 targeting 1h Strong Resistance formed at 2654.800 Leaving Runners to the next Hourly Strong Resistance formed at 2661.800. I'll be looking for potential Sells below 2637.000 targeting Daily Support formed on 5th December 2024 around 2630.800 Leaving Runners to the Daily Support formed on 25th November 2024 around 2624.000. The spotlight is on the Federal Funds Rate decision and FOMC Press Conference, marking the last bank rate review of 2024. With markets eager for clues on the Fed's future policy direction, will they maintain their current stance or signal a shift? Expect heightened volatility as traders and investors analyse every word and decision in this critical year-end meeting!




 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Tips

Similar threads

Top Bottom