XAUUSD Technical Analysis 12th July 2024 1h chart

– Thursday Daily candle closed strong Bullish breaking above 2400s level tapping into Daily Resistance formed on 20th May this year around 2427.600. I’ll be looking for potential Buys above 2424.500 targeting 1h Resistance formed on 20th May 2024 around 2435.000 Leaving Runners to the next Hourly Resistance formed around 2442.300. I’ll be looking for potential Sells below 2411.000 targeting 15min Support around 2400.000 Leaving Runners to the previous Daily Resistance formed around 2392.000. High Impact News ahead of the New York session for the US Dollar which may bring high volatility to the market.