XAUUSD Technical Analysis 23rd January 2025 1h chart

XAUUSD Technical Analysis 23rd January 2025 1h chart
– Wednesday Daily candle closed Bullish at 2756.100 as price staring to range on the 4h timeframe.

– I’ll be looking for potential Buys above 2760.000 targeting previous 1h Resistance formed on 29th October 2024 around 2769.500 Leaving Runners to the previous Hourly Support formed on 30th October 2024 around 2777.500.


– I’ll be looking for potential Sells below 2753.500 targeting Hourly Support formed at 2748.500 Leaving Runners to the 30min Strong Support formed around 2741.300.


– Markets brace for key unemployment claims data alongside President Donald Trump’s speech at the World Economic Annual Meeting.