XAUUSD Technical Analysis 31.01.2024 1h chart
– Tuesday Daily candle retested strong Key Level of 2050s exactly as mentioned on the previous analysis posted for Tuesday, Daily has rejected that level and closed small Bullish. I’ll be looking for potential Buys above 2039.500 targeting recent Hourly Resistance (2046.700) and Daily Resistance formed on 16th January 2024. I’ll be looking for potential Sells below 2031.000 targeting Hourly Support (2025.200) and recent Daily Support around 2018.500. High Impact News event ahead of the Wednesday trading session for the US Dollar so there is probability for price to range prior to news release.