XAUUSD Technical Analysis 10.01.2024 1h chart

– Previous Daily candle closed weak Bullish around 2030.000 forming weak Daily Support around 2027.900 as price still consolidating on the lower timeframe.
– Buys on close above 2038.700 targeting Daily Resistance formed this Monday around 2045.900, Leaving Runners to the 4h previous Support formed on 25th December 2023 around 2053.000.
– Sells on close below 2026.100 targeting 4h Support around 2019.000, Leaving Runners to the 15min Support formed on 13th December 2023 around 2013.500.
– Medium Impact News ahead of the New York session for the US Dollar, 10y- Bond Auction, Price is expected to keep ranging ahead of the CPI and PPI to end the week with strong volume in the market.