XAUUSD Technical Analysis 10th December 2024 1h chart (1 Viewer)

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 XAUUSD Technical Analysis 10th December 2024 1h chart (1 Viewer)

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Monday Daily candle closed Bullish at 2660.000 as price closed above recent Daily Consolidation Zone. I'll be looking for potential Buys above 2663.300 targeting Hourly Resistance at 2669.000 Leaving Runners to the next Hourly Resistance formed at 2674.300. I'll be looking for potential Sells below 2653.500 targeting previous 4h Resistance formed at 2646.700 Leaving Runners to the 4h Support formed at 2637.700. Finally, a breakout! price closes outside the daily consolidation zone after 2 weeks. The big question: will the bullish momentum continue?

 

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