XAUUSD Technical Analysis 09.01.2024 1h chart

– Previous Daily candle closed Bearish around 2028 forming Daily Resistance around 2045.800.
– Buys on close above 2034.500 targeting previous 4h Support formed around 2039.000, Leaving Runners to the Daily Resistance formed around 2045.800.
– Sells on close below 2025.500 targeting 4h Support formed around 2019.000, Leaving Runners to the 15min Support formed on 13th December 2023 around 2013.500.
– There is a higher probability for price to continue bearish as Daily Resistance has been formed and price has already broken below previous Weekly Low.