XAUUSD Technical Analysis 8th January 2025 1h chart

XAUUSD Technical Analysis 8th January 2025 1h chart
– Tuesday Daily candle closed Bullish at 2648.200 with a Rejection wick to the upside closing below recent Daily Resistance.

I’ll be looking for potential Buys above 2652.500 targeting 4h Resistance formed at 2662.300 Leaving Runners to the Hourly Resistance formed at 2672.500.

I’ll be looking for potential Sells below 2641.300 targeting Hourly Strong Support formed at 2634.500 Leaving Runners to the 4h Support formed at 2624.200.

Action-packed day for the USD: Key events include ADP Non-Farm Employment ChangeFOMC Meeting MinutesUnemployment ClaimsWaller’s Speech, and Crude Oil Inventories. Expect heightened volatility as these releases shape market sentiment!