XAUUSD Technical Analysis 18.12.2023 1h chart
– Previous Weekly candle closed small Bullish around 2019.800 forming Weekly Support around 2004.000, Friday Daily candle closed Bearish forming Daily Resistance around 2036.400.
– Buys on close above 2023.500 targeting 1h previous Strong Support formed at 2030.200, Leaving Runners to the Daily Resistance formed on Friday around 2036.400.
– Sells on close below 2013.100 targeting 4h previous Resistance formed on 10th December 2023 around 2005.500, Leaving Runners to the 1h previous Resistance formed on 11th December 2023 around 1999.100.
– Ideally is allow the Asian session to consolidate forming a new range for the new Weekly candle and anticipate to see decent volume around Pre London / London session open.
– Buys on close above 2023.500 targeting 1h previous Strong Support formed at 2030.200, Leaving Runners to the Daily Resistance formed on Friday around 2036.400.
– Sells on close below 2013.100 targeting 4h previous Resistance formed on 10th December 2023 around 2005.500, Leaving Runners to the 1h previous Resistance formed on 11th December 2023 around 1999.100.
– Ideally is allow the Asian session to consolidate forming a new range for the new Weekly candle and anticipate to see decent volume around Pre London / London session open.