XAUUSD Technical Analysis 03.01.2024 1h chart
– Previous Daily candle closed small Bearish around 2059.100 leaving a huge Rejection to the upside as price tapped into Daily Resistance formed on Thursday 28th December 2023.
– Buys on close above 2066.300 targeting Daily and Weekly Resistance formed on 4th December 2023 around 2072.000, Leaving Runners to the Daily Resistance formed around 2077.500.
– Sells on close below 2053.200 targeting 1h Strong Support formed on 22nd December 2023 around 2047.500, Leaving Runners to the 4h Support formed around 2041.500.
– High Impact News ahead of the New York session for the US Dollar, We have FOMC Member Barkin speech, ISM Manufacturing PMI, JOLTS Job Openings, ISM Manufacturing Prices followed by FOMC Meeting Minutes, High Volatility expected.
– Buys on close above 2066.300 targeting Daily and Weekly Resistance formed on 4th December 2023 around 2072.000, Leaving Runners to the Daily Resistance formed around 2077.500.
– Sells on close below 2053.200 targeting 1h Strong Support formed on 22nd December 2023 around 2047.500, Leaving Runners to the 4h Support formed around 2041.500.
– High Impact News ahead of the New York session for the US Dollar, We have FOMC Member Barkin speech, ISM Manufacturing PMI, JOLTS Job Openings, ISM Manufacturing Prices followed by FOMC Meeting Minutes, High Volatility expected.