XAUUSD Technical Analysis 12th June 2024 1h chart

– Tuesday Daily candle closed Bullish around 2316.400 respecting recent Daily Support formed on Monday. I’ll be looking for potential Buys above 2320.000 targeting previous Strong Daily Support formed around 2327.400 Leaving Runners to the Hourly Resistance formed around 2336.500. I’ll be looking for potential Sells below 2312.000 targeting 30min Support around 2306.000 Leaving Runners to the Hourly Support formed around 2299.500. We have a High impact News ahead of the New York session for the US Dollar starting with CPI data for Monthly and Yearly report, later on the day we have Federal Reserve reviewing interest rate for USD followed by the FOMC Press Conference. High Volatility expected.