XAUUSD Technical Analysis 12th February 2024 1h chart

2月12日

– Previous Weekly candle closed Bearish above recent Weekly Support, forming new Weekly Resistance around 2040s. Friday Daily candle closed Bearish. I’ll be looking for potential Buys above 2027.500 targeting recent 1h Resistance (2033.000) and 4h strong Resistance (2037.600), there could be a potential retest of recent Weekly Resistance around 2040s. I’ll be looking for potential Sells below 2020.400 targeting 4h Support (2015.800) and next 4h strong Support (2009.200).