XAUUSD Technical Analysis 9th January 2025 1h chart

XAUUSD Technical Analysis 9th January 2025 1h chart
– Wednesday Daily candle closed Bullish at 2661.500 above Daily Resistance formed last Thursday almost filling the previous Weekly High.

– I’ll be looking for potential Buys above 2663.900 targeting 1h Resistance formed on 13th December 2024 around 2670.200 Leaving Runners to the previous 4h Support formed on 12th December 2024 around 2678.800.


– I’ll be looking for potential Sells below 2650.700 targeting 4 Strong Support formed at 2641.000 Leaving Runners to the Hourly Strong Support formed at 2634.000.


– Despite the Daily chart showing bullish momentum, price still consolidating on the 4H timeframe. More volume is needed to break out and provide clear trade setups!