XAUUSD Technical Analysis 21st January 2025 1h chart

XAUUSD Technical Analysis 21st January 2025 1h chart
– Monday Daily candle closed Doji Bullish at 2706.200 as price mostly consolidated on the 4h timeframe.

– I’ll be looking for potential Buys above 2711.700 targeting Hourly Rejection formed at 2717.700 Leaving Runners to the Weekly Rejection formed around 2724.800.


– I’ll be looking for potential Sells below 2703.500 targeting previous 30min Resistance formed at 2696.400 Leaving Runners to the Daily Rejection formed around 2689.400.


– Daily chart consolidates on Inauguration Day. markets in wait-and-see mode. Will we get a breakout or more sideways movement? Stay tuned!