XAUUSD Technical Analysis 8th November 2024 1h chart
– Thursday Daily candle closed strong Bullish at 2706.000 forming strong Daily Support at 2657.400. I’ll be looking for potential Buys above 2710.500 targeting Hourly Resistance at 2724.500 and Leaving Runners to retest Daily Resistance formed around 2741.800, I’ll be looking for potential Sells below 2694.000 targeting 15min Support formed at 2683.500 Leaving Runners to the 1h Previous Resistance formed at 2675.500. Anticipating high volatility as the New York session opens, with the U.S. Dollar in focus ahead of medium-impact releases: Prelim UoM Consumer Sentiment and Inflation Expectations. Markets brace for potential shifts to close out the week.
