XAUUSD Technical Analysis 27th January 2025 1h chart

XAUUSD Technical Analysis 27th January 2025 1h chart
-Previous Weekly candle closed strong Bullish at 2770.500 closing above all Weekly Resistances. Friday Daily candle closed strong Bullish breaking above recent Daily Resistance.

– I’ll be looking for potential Buys above 2776.000 targeting recent 4h Resistance formed at 2782.500 Leaving Runners to the All Time Highs of 2790.200.


– I’ll be looking for potential Sells below 2767.800 targeting 1h previous Resistance formed at 2760.000 Leaving Runners to the Daily Support formed on Friday at 2754.000.


– For the first time ever, the weekly candle has closed above the all-time resistance level. Will this historic breakout lead to a new all-time high, or will price reject and pull back?