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XAUUSD Technical Analysis 25th November 2024 1h chart

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 XAUUSD Technical Analysis 25th November 2024 1h chart

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XAUUSD Technical Analysis 25th Novemver 2024 1h chart

Previous Weekly candle closed strong Bullish at 2715.200 forming Weekly Support at 2562.700. Friday Daily candle closed Bullish above Daily Resistance formed on 7th November 2024 correcting the whole bearish move since the presidential election day for the US. I’ll be looking for potential Buys above 2719.500 targeting Hourly Resistance at 2726.000 Leaving Runners to the previous 1h Support formed on 6th November 2024 around 2734.000. I’ll be looking for potential Sells below 2711.500 targeting previous 4h Support at 2703.100 Leaving Runners to the 4h Support formed at 2693.000. Price corrected the whole Bearish move we’ve seen from the US Presidential Election , potentially gold can tap the All Time Highs and continue Bullish.

 

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