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XAUUSD Technical Analysis 20th March 2024 1h chart– Tuesday Daily candle closed weak Bearish around 2157.600 as price rejects the previous Daily Low, I’ll be looking for potential Buys above 2163.000 targeting 4h Resistance around 2169.500 and next 4h Resistance around 2175.000, I’ll be looking for potential Sells below 2151.300 targeting 1h Strong Support around 2144.300 and 30min Previous Strong Resistance around 2135.000. High Impact News ahead of the New York session for the US Dollar for Bank Rate decision which may bring High Volume to the market.
OANDA:XAUUSD
by SalimFX20
6
GBPJPY Technical Analysis 20th March 2024 1h chart– Tuesday Daily candle close strong Bullish around 191.870 as price break above the previous Monthly High, I’ll be looking for potential Buys above 192.200 targeting previous Daily Support formed on 4th August 2015 around 193.000 and Monthly Resistance formed in August 2015 around 193.460, I’ll be looking for potential Sells below 191.500 targeting 1h previous Resistance formed around 191.110 and Weekly previous Resistance around 190.610. High Impact News ahead of the Pre London session for the Pound Sterling for CPI y/y which may bring volatility to the market.
by SalimFX20
XAUUSD Technical Analysis 19th March 2024 1h chart– Monday Daily candle closed weak Bullish around 2160.400 forming weak Daily Support around 2156.000. I’ll be looking for potential Buys above 2164.400 targeting 1h Resistance around 2172.000 and Weekly Resistance around 2179.200, I’ll be looking for potential Sells below 2154.400 targeting recent 4h Support around 2147.300 and next Hourly Strong Support around 2140.500. As Daily formed weak Daily Support for Monday, If price break below 2146.100 during High Volume Time there will be a higher probability for price to continue bearish to at least 2030s.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 19th March 2024 1h chart– Monday Daily candle closed weak Bullish around 189.850 as price consolidated on the 4h timeframe. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance formed at 190.350 and 4h Resistance formed around 190.800. I’ll be looking for potential Sells below 189.530 targeting 1h previous Resistance formed around 189.110 and next 1h Support around 188.790. High Impact News ahead of the Asian session for the Japanese Yen for a review on the bank rate which may bring volatility to the market.
by SalimFX20
XAUUSD Technical Analysis 18th March 2024 1h chart– Previous Weekly candle closed Bearish around 2156.000 forming Daily Resistance around 2179.500, Friday Daily candle closed Bearish breaking below recent Daily Support formed on Wednesday last week. I’ll be looking for potential Buys above 2160.800 taregting 1h previous Support formed at 2166.800 and 1h Resistance around 2172.600. I’ll be looking for potential Sells below 2152.800 targeting 4h Support around 2146.200 and 1h Strong Support around 2140.500. Despite the Friday closing Bearish breaking below recent Daily Support it would be ideal to wait for the new Daily candle to form a top wick first before breaking the lows to have a higher probability for price to continue bearish.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 18th March 2024 1h chart– Previous Weekly candle closed Bullish around 189.700 forming Weekly Support around 189.100, Friday Daily candle closed Bullish breaking out of the recent 4h Consolidation Zone. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance around 190.350 and 4h Resistance around 190.800. I’ll be looking for potential Sells below 189.510 targeting 1h previous Resistance formed around 189.110 and next Hourly Support around 188.790. Ideally is to allow the Asian session to consolidate and form a new Range for the new week ahead. As Weekly closed Bullish forming Support there is a good probability for price to retest recent Weekly Resistance around 190.650.
by SalimFX20
XAUUSD Technical Analysis 14th March 2024 1h chart– Thursday Daily candle closed Bearish at 2162.200 closing above recent Daily Support formed on Wednesday 13th March 2024. I’ll be looking for potential Buys above 2167.500 targeting Daily Resistance formed on 14th March 2024 around 2174.500 and next Daily Resistance formed on 12th March 2024 around 2182.500. I’ll be looking for potential Sells below 2157.000 targeting 1h previous Resistance formed on 7th March 2024 around 2149.400 and next 1h Strong Support formed on 6th March 2024 around 2141.200. High Impact News ahead of the New York session for the US Dollar which may bring volatility to the market before the Weekly candle closing.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 15th March 2024 1h chart– Thursday Daily candle closed weak Bullish around 189.090 as price ranged within the No Trade Zone identified on the previous Analysis, I’ll be looking for potential Buys above 189.540 targeting previous 4h Support formed on 6th March 2024 around 190.060 and 4h Resistance around 190.520., I’ll be looking for potential Sells below 188.540 targeting 4h Support around 188.060 and previous 4h Resistance formed on 2nd February 2024 around 187.520. Price still consolidating on the 4h timeframe so waiting for strong confirmation before taking positions is a Must!.
by SalimFX20
XAUUSD Technical Analysis 14th March 2024 1h chart– Wednesday Daily candle closed Bullish forming Daily Support around 2158.400. I’ll be looking for potential Buys above 2180.000 targeting 4h Strong Resistance formed around 2186.700 and 30min Resistance around 2193.300. I’ll be looking for potential Sells below 2169.800 targeting 1h Support around 2163.300 and 4h Strong Support around 2156.800. High Impact News ahead of the New York session open for the US Dollar which will bring some volatility to the market.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 14th March 2024 1h chart– Wednesday Daily candle closed Doji Bullish respecting recent Daily Support formed on Tuesday. I’ll be looking for potential Buys above 189.540 targeting previous 4h Support formed on 6th March 2024 around 190.040 and 4h Resistance around 190.520. I’ll be looking for potential Sells below 188.540 targeting 4h Support around 188.060 and previous 4h Resistance formed on 2nd February 2024 around 187.520. Overall price action has been messy on the lower timeframe so waiting for confirmation before taking positions is a Must!
by SalimFX20
XAUUSD Technical Analysis 13th March 2024 1h chart– Tuesday Daily candle closed strong Bearish forming Daily Resistance around 2182.900. I’ll be looking for potential Buys above 2166.100 targeting previous 1h Support formed around 2173.900 and Daily Resistance around 2182.900. I’ll be looking for potential Sells below 2153.000 targeting 4h Support around 2145.800 and 30min Strong Support around 2138.800. There is more clean traffic on the left for price to continue Bearish and correct the recent Buys.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 13th March 2024 1h chart– Tuesday Daily candle closed Bullish at 188.800 forming Daily Support formed around 188.210. I’ll be looking for potential Buys on close above 189.140 targeting 4h Resistance around 189.580 and previous 4h Support formed on 6th March 2024 around 190.040. I’ll be looking for potential Sells below 188.370 targeting 30min Support around 187.970 and previous 4h Resistance formed on 2nd February 2024 around 187.500. High Impact News ahead of the London session open for the Pound Sterling GDP m/m, High volatility expected.
by SalimFX20
XAUUSD Technical Analysis 11th March 2024 1h chart– Last Weekly candle closed extremely Bullish breaking above the all time high formed in December 2023. Friday Daily candle closed strong Bullish around 2179.300. I’ll be looking for potential Buys above 2185.800 targeting 30min Resistance around 2194.000 and Strong Key Level around 2200.000. I’ll be looking for potential Sells below 2170.800 targeting 1h previous Resistance around 2162.500 and 1h Strong Support around 2154.000. As Gold has been extremely Bullish for last 9 Daily candles there is high probability for price to retrace and correct the move to at least around 2150s area.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 11th March 2024 1h chart– Last Weekly candle closed Bearish rejecting recent Weekly Resistance around 190.700. Friday Daily candle closed Bearish but price ranged overall on the Hourly timeframe. I’ll be looking for potential Buys above 189.710 targeting 4h Resistance around 190.320 and Weekly Resistance around 190.690. I’ll be looking for potential Sells below 188.720 targeting previous Daily Resistance formed on 24th January 2024 at 188.130 and 4h previous Resistance formed on 2nd February 2024 around 187.530. Based on the recent 2 Weekly candles closing Bearish forming Resistance, There is a good probability for price to continue Bearish correcting recent Buys in order for price to retest the recent broken Monthly Resistance formed in December 2023.
by SalimFX20
GBPJPY Technical Analysis 8th March 2024 1h chart Thursday Daily candle closed weak Bearish around 189.560 closing above recent Daily Support and forming over 130 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 189.760 targeting 4h Resistance around 190.350 and next 4h Strong Resistance around 190.810. I’ll be looking for potential Sells below 189.120 targeting 1h previous Resistance formed around 188.700 and 2nd target would be potential Daily Wick Fill around 188.230. There is a good probability for current Weekly candle to close Bearish respecting recent Weekly Resistance formed last week.
by SalimFX20
XAUUSD Technical Analysis 7th March 2024 1h chart– Wednesday Daily candle closed strong Bullish around 2148.300 as the strong Bullish momentum continues. i’ll be looking for potential Buys above 2152.500 targeting Strong Key Level around 2160.000 and another Key Level around 2170.000. I’ll be looking for potential Sells below 2140.500 targeting 4h previous Resistance formed around 2031.500 and the next 1h Strong Support around 2123.900. High Impact News ahead of the New York session for the US Dollar, High volatility expected.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 7th March 2024 1h chart– Wednesday Daily candle closed Bearish around 190.160 respecting Daily Resistance formed on Tuesday this week. I’ll be looking for potential Buys above 190.650 targeting 4h Resistance at 191.120 and Weekly Support formed on 27th July 2015 around 191.840. I’ll be looking for potential Sells below 189.800 targeting Daily Support formed on 1st March around 189.270 and Daily Support formed on 16th February 2024 around 188.820. Despite Daily closing Bearish price has been consolidating on the 4h and 1h timeframe.
by SalimFX20
XAUUSD Technical Analysis 6th March 2024 1h chart– Tuesday Daily candle closed Weak Bullish as price forms a new range on the Hourly timeframe. I’ll be looking for potential Buys above 2134.000 anticipating for price to fill the previous Daily High around 2142.000 and to potentially retest the Monthly Rejection formed in December 2023 around 2149.300. I’ll be looking for potential Sells below 2123.000 targeting 1h Support around 2114.300 and 15min Rejection around 2107.800. We have high impact news ahead of the New York session for the US Dollar.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 6th March 2024 1h chart– Tuesday Daily candle closed small Bearish forming Daily Resistance at 191.020. I’ll be looking for potential Buys above 191.120 targeting Weekly Support formed on 27th July 2015 around 191.840 and Daily Support formed on 10th August 2015 around 192.380. I’ll be looking for potential Sells below 190.310 targeting 4h Support around 189.800 and Daily Support around 189.270. As previously Daily formed Resistance and last Weekly candle closed Bearish forming Weekly Resistance aswell, there is a good probability for price to retrace and fill the previous Weekly Low around 189.050.
by SalimFX20
XAUUSD Technical Analysis 5th March 2024 1h chart– Monday Daily candle closed extremely Bullish tapping into 2120.000 level as the Friday Bullish momentum continues. I’ll be looking for potential Buys above 2120.000 targeting 2130.000 and 2140.000 as strong Key Levels to be tapped in the anticipation for price to fill parts of the Rejection Wick on the Monthly timeframe. I’ll be looking for potential Sells below 2107.600 targeting 15min Support around 2099.000 and 1h previous Resistance around 2088.700. Ideally is to allow price to range during Asian session and wait for Pre London session to either continue the Bullish momentum or correct the recent Bullish move.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 5th March 2024 1h chart– Monday Daily candle closed strong Bullish around 191.000 below recent Daily Resistance formed on Tuesday 27th February 2024. I’ll be looking for potential Buys above 191.280 targeting Weekly Support formed on 27th July 2015 around 191.840 and next Daily Support formed on 10th August 2015 around 192.380. I’ll be looking for potential Sells below 190.730 targeting previous 4h Resistance formed on 1st March 2024 around 190.280 and next 4h Support around 189.770. Despite the Monday been extremely Bullish price still closed below recent Daily Resistance so there is a probability for Daily Retracement.
by SalimFX20
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.
OANDA:XAUUSD
by SalimFX20