XAUUSD Technical Analysis 11th January 2024 1h chart

– Wednesday Daily candle closed strong Bearish tapping into the 2320 level as price form a deeper retracement on the higher timeframe, Forming Daily Resistance around 2353. I’ll be looking for potential Buys above 2340.800 targeting 30min Strong Resistance around 2349.900 and most recent 4h Resistance around 2357.900. I’ll be looking for potential Sells below 2326.400 targeting the previous Daily Low for the wick fill at 2319.400 and 1h previous Resistance formed around 2311.600. High Impact News ahead of the New York session for the US Dollar which may bring high volume again into the market.