XAUUSD Technical Analysis 4th March 2024 1h chart
– Previous Weekly candle closed extremely Bullish above recent Weekly Resistances, Friday Daily candle also closed strong Bullish around 2082.900. I’ll be looking for potential Buys above 2088.500 targeting Asian session open formed back on 4th December 2023 around 2096.000 and the Pre Asian session formed on 4th December 2023 aswell around 2110.000. I’ll be looking for potential Sells below 2080.000 targeting previous Weekly Resistance formed on 4th December 2023 around 2072.000 and previous Monthly Resistance formed in January 2024 around 2063.000. As the Friday Daily candle has been extremely Bullish there is a higher probability for price to correct The breakout.
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