XAUUSD Technical Analysis 20th December 2024 1h chart (1 Viewer)

Currently reading:
 XAUUSD Technical Analysis 20th December 2024 1h chart (1 Viewer)

Recently searched:

Deadpool

CLOUD+
Staff member
Administrator
Cloud+
Amateur
LV
13
Joined
Nov 15, 2020
Threads
2,063,659
Likes
26,989
Awards
20
Credits
291,238©
Cash
9$
E-Cash
0.00$
1734691248650





Thursday Daily candle closed weak Bullish around 2594.000 forming weak Daily Support at 2585.500 and rejecting the previous Daily Range around 2626 level. I'll be looking for potential Buys above 2599.500 targeting previous Hourly Support formed at 2607.500 Leaving Runners to the previous 30min Support formed around 2616.500. I'll be looking for potential Sells below 2585.500 targeting 4h Rejection Area formed on 15th November 2024 around 2577.000 Leaving Runners to the 30min Support formed on 18th November 2024 around 2569.800. Weekly price action remains bearish after a major pullback, retesting the previous daily consolidation zone before dropping again. Will the weekly close confirm further downside or signal a reversal?




 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Tips
Recently searched:

Similar threads

Users who are viewing this thread

Top Bottom