XAUUSD Technical Analysis 12th November 2024 1h chart
– Monday Daily candle closed strong Bearish at 2619.000 breaking and closing below Daily Support formed on Thursday last week. I’ll be looking for potential Buys above 2625.300 targeting previous 4h Support formed on 11th October 2024 around 2638.900 Leaving Runners to the previous 4h Support formed on 7th November 2024 around 2649.300. I’ll be looking for potential Sells below 2612.500 targeting Monthly Low formed in October 2024 around 2601.600 Leaving Runners to the Hourly Support formed on 20th September 2024 around 2591.600. Eyes on the Fed: FOMC members Waller and Harker scheduled to speak, market watchers anticipate insights on future rate policy.