XAUUSD Technical Analysis 9th December 2024 1h chart

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 XAUUSD Technical Analysis 9th December 2024 1h chart

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Previous Weekly candle closed small Bearish at 2633.200, Friday Daily candle closed Doji Bullish as price continues to range on the Daily timeframe. I'll be looking for potential Buys above 2641.000 targeting Daily Resistance at 2649.000 Leaving Runners to the Daily Rejection formed at 2657.000. I'll be looking for potential Sells below 2629.800 targeting previous 15min Resistance formed at 2621.200 Leaving Runners to the Daily Rejection around 2613.200. XAUUSD has been consolidating in a narrow range for the past two weeks. It is recommended to wait for increased market activity and volatility before initiating a trade.

 
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