SalimFX20

XAUUSD Technical Analysis 28th February 2024 1h chart

OANDA:XAUUSD   Gold Spot / U.S. Dollar
– Tuesday Daily candle close weak Bearish rejecting the upside and respecting recent Daily Resistance. I’ll be looking for potential Buys above 2038.100 targeting previous Weekly Support formed on 8th January 2024 around 2045.400 and 1h previous Support formed on 2nd February 2024 around 2052.500. I’ll be looking for potential Sells below 2027.500 targeting 1h previous Support formed on 21st February 2024 around 2020.700 and 4h Support formed around 2015.700. As price ranged within the 4h timeframe during this week.

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