SalimFX20

XAUUSD Technical Analysis 22nd February 2024 1h chart

OANDA:XAUUSD   Gold Spot / U.S. Dollar
– Wednesday Daily candle closed weak Bullish as price keeps on consolidating on the 4h timeframe. I’ll be looking for potential Buys above 2031.000 targeting Daily Resistance at 2036.000 and 1h Resistance around 2042.600. I’ll be looking for potential Sells below 2021.900 targeting 4h Strong Support around 2016.900 and 1h Strong Support around 2011.700. The analysis kept almost the same as the one posted yesterday as price consolidated within the No Trade Zone identified previously.

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