XAUUSD Technical Analysis 16th September 2024 1h chart
– Previous Weekly candle closed extremely Bullish at 2578.800 forming a new record high at 2586.200. Friday Daily candle closed strong Bullish. I’ll be looking for potential Buys above 2584.400 targeting potential Key Level at 2590s and 2600s. I’ll be looking for potential Sells below 2574.700 targeting Hourly Support at 2567.000 Leaving Runners to the 15min Support formed at 2561.600. As price forms a new high there is a good probability for price to continue Bullish but first a pullback to retest 2550s – 2560s is to be expected before the continuation to the upside.
