XAUUSD Technical Analysis 6th December 2024 1h chart

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 XAUUSD Technical Analysis 6th December 2024 1h chart

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Thursday Daily candle closed Bearish at 2631.300 within current Daily Range. I'll be looking for potential Buys above 2636.300 targeting previous Hourly Suport formed at 2643.300 Leaving Runners to the 4h Resistance formed at 2653.500. I'll be looking for potential Sells below 2625.000 targeting 4h Rejection area formed on 26th November 2024 around 2616.800 Leaving Runners to the the previous Weekly Low around 2606.200 to fill the wick. High-impact US Dollar events ahead in the New York session! Key releases include Average Hourly Earnings (m/m), Non-Farm Employment Change and Unemployment Rate, followed by Prelim UoM Consumer Sentiment and Inflation Expectations. Will the news drive a breakout from the current daily range? Stay tuned for potential market moves!

 

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