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XAUUSD Technical Analysis 29th November 2024 1h chart

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 XAUUSD Technical Analysis 29th November 2024 1h chart

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XAUUSD Technical Analysis 29th November 2024 1h chart

Thursday Daily candle closed weak Bullish at 2641.200 as Weekly retrace from the 2630s Key Level. I'll be looking for potential Buys above 2647.500 targeting 4h Resistance around2656.500 Leaving Runners to the previous 4h Support formed around 2664.800. I'll be looking for potential Sells below 2636.300 targeting 4h Support at 2628.200 Leaving Runners to the Hourly Strong Support formed around 2622.600. The XAU/USD monthly candle is closing with its first bearish candle since December 2023. This could signal a change in trend, but the question remains—will we see further selling pressure or a potential rebound?

 

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