XAUUSD Technical Analysis 20th December 2024 1h chart

XAUUSD Technical Analysis 20th December 2024 1h chart
– Thursday Daily candle closed weak Bullish around 2594.000 forming weak Daily Support at 2585.500 and rejecting the previous Daily Range around 2626 level. I’ll be looking for potential Buys above 2599.500 targeting previous Hourly Support formed at 2607.500 Leaving Runners to the previous 30min Support formed around 2616.500. I’ll be looking for potential Sells below 2585.500 targeting 4h Rejection Area formed on 15th November 2024 around 2577.000 Leaving Runners to the 30min Support formed on 18th November 2024 around 2569.800. Weekly price action remains bearish after a major pullback, retesting the previous daily consolidation zone before dropping again. Will the weekly close confirm further downside or signal a reversal?