XAUUSD Technical Analysis 4th December 2024 1h chart

XAUUSD Technical Analysis 4th December 2024 1h chart
– Tuesday Daily candle closed weak Bullish at 2643.200 as price continues to range on the Daily timeframe. I’ll be looking for potential Buys above 2648.200 targeting 4h Resistance formed at 2653.800 Leaving Runners to the next 4h Resistance formed at 2660.800. I’ll be looking for potential Sells below 2637.000 targeting Hourly Support formed at 2629.500 Leaving Runners to the 4h Support formed around 2623.000. Key events ahead for XAU/USD! Major US dollar news includes ADP Employment, ISM Services PMI, Fed Chair Powell’s speech, and Crude Oil Inventories. These could drive significant volatility for gold prices. Keep an eye on labour data, economic sentiment, and Powell’s tone for policy hints.