XAUUSD Technical Analysis 18th October 2024 1h chart
– Thursday Daily candle closed strong Bullish at 2692.600 tapping into a Historical High at 2696.800. I’ll be looking for potential Buys above 2695.500 targeting strong Key Level at 2700s Leaving Runners to the next potential Key Level at around 2710s. I’ll be looking for potential Sells below 2687.500 targeting 4h Support at 2680.500 Leaving Runners to the 4h Rejection / Thursday Open at 2673.300. Medium Impact News ahead of the New York session for the US Dollar. Will be interesting to see how the Weekly candle would close, Will price continue Bullish above the 2700s or will price rejects that Key Level and start to correct the Bull Run ? Let us know what you think.
