XAUUSD Technical Analysis 12th September 2024 1h chart
– Wednesday Daily candle closed Bearish at 2511.500 forming Daily Resistance at 2516.200 as price rejects the All Time Highs around 2530s. I’ll be looking for potential Buys above 2515.700 targeting 1h Resistance at 2522.300 Leaving Runners to the Daily Rejection formed at 2529.300. I’ll be looking for potential Sells below 2506.700 targeting 4h Support at 2500.700 Leaving Runners to the next 4h Support at 2492.000. High Impact News ahead of the New York session for the US Dollar, starting with Core PPI m/m, PPI m/m, Unemployment Claims followed by 30-y Bond Auction. High Volatility expected leading to the London session close.
