XAUUSD Technical Analysis 26th February 2024 1h chart
– Previous Weekly candle closed strong Bullish around 2035.400 forming Weekly Support around 2013.200, Friday Daily candle closed Bullish within Daily Resistance formed back on Wednesday 7th February this year. I’ll be looking for potential Buys above 2041.700 targeting previous 1h Support formed on 1st February at 2046.200 and previous 4h Range formed around 2052.600. I’ll be looking for potential Sells below 2033.300 targeting 30min Support around 2027.000 and 1h previous Support around 2020.700. Despite the Weekly and last Daily candle closing Bullish there is a high probability for price to reject the 2050s / 2052s range as price previously ranged around those levels.
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