XAUUSD Technical Analysis 23rd February 2024 1h chart
– Thursday Daily candle closed weak Bearish forming Daily Resistance and rejecting Daily Resistance formed on 7th February around 2035s. I’ll be looking for potential Buys above 2031.100 targeting Daily Resistance at 2036.000 and 1h Resistance at 2042.600. I’ll be looking for potential Sells below 2021.100 targeting 4h Strong Support at 2016.900 and next 1h Strong Support around 2011.700. The Buys and Sells targets remained the same for 3rd day this week as price still ranging on the 4h timeframe within the No Trade Zone we’ve had in place.
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