XAUUSD Technical Analysis 05.01.2024 1h chart
– Previous Daily candle closed weak Bullish around 2043.500 forming weak Daily Support around 2041.300 as price ranges prior to NFP.
– Buys on close above 2048.500 targeting 30min Resistance around 2055.000, Leaving Runners to the current Monthly open around 2063.000.
– Sells on close below 2039.200 targeting 4h Support formed around 2033.400, Leaving Runners to the 1h Support formed on 19th December 2023 around 2025.400.
– High Impact News ahead of the New York session for the US Dollar, We have Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, ISM Services PMI followed by FOMC Member Barkin Speech at the Maryland Bankers Association, High Volatility expected.
– Buys on close above 2048.500 targeting 30min Resistance around 2055.000, Leaving Runners to the current Monthly open around 2063.000.
– Sells on close below 2039.200 targeting 4h Support formed around 2033.400, Leaving Runners to the 1h Support formed on 19th December 2023 around 2025.400.
– High Impact News ahead of the New York session for the US Dollar, We have Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, ISM Services PMI followed by FOMC Member Barkin Speech at the Maryland Bankers Association, High Volatility expected.