XAUUSD Technical Analysis 13th January 2025 1h chart

XAUUSD Technical Analysis 13th January 2025 1h chart
– Previous Weekly candle closed Bullish at 2689.300 filling the previous Weekly High and closing above Weekly Range. Friday Daily candle closed Bullish as well.

I’ll be looking for potential Buys above 2696.200 targeting previous 1h Support formed on 12th December 2024 around 2705.000 Leaving Runners to the 4h Resistance formed on 12th December 2024 around 2714.700.

I’ll be looking for potential Sells below 2685.700 targeting 30min Support formed at 2677.200 Leaving Runners to the Hourly strong Support formed at 2669.300. Price is approaching weekly rejection/resistance.

Will it break through and continue bullish, filling the wick, or will it reject and shift bearish? Eyes on the next move!