XAUUSD Technical Analysis 6th January 2025 1h chart

XAUUSD Technical Analysis 6th January 2025 1h chart
– Monthly candle for December closed weak Bearish at 2623.000 failing to fill the November wick, Previous Weekly candle closed Bullish at 2638.800 forming Weekly Support at 2620 and Friday Daily candle closed Bearish forming Daily Resistance at 2657.700.

I’ll be looking for potential Buys above 2644.000 targeting previous Hourly Support formed at 2652.700 Leaving Runners to the 4h Resistance at 2660.200.


I’ll be looking for potential Sells below 2633.000 targeting previous Hourly Range formed on 31st December 2024 around 2625.500 Leaving Runners to the next previous Hourly Resistance formed on 31st December 2024 aswell around 2616.500.


Market volume is slowly building up again, paving the way for plenty of trading opportunities ahead. Stay focused and ready for what’s to come!