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XAUUSD Technical Analysis 1st March 2024 1h chart– Thursday Daily candle closed extremely Bullish around 2044.500 breaking above recent Daily Resistance. I’ll be looking for potential Buys above 2050.800 targeting 4h Resistance around 2056.900 and Weekly Resistance around 2062.900. I’ll be looking for potential Sells below 2041.500 targeting 4h Support around 2034.500 and 30min Support around 2028.200. High Impact News ahead of the New York session for the US Dollar which may create volatility in the market.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 1st March 2024 1h chart– Thursday Daily candle closed strong Bearish breaking out of the recent Daily range. I’ll be looking for potential Buys above 189.510 targeting 1h Resistance at 190.020 and 4h previous consolidation zone around 190.450, I’ll be looking for potential Sells below 188.940 targeting 4h Support around 188.320 and next 1h Strong Support around 187.890. Thursday Daily candle played exactly as anticipated early on the week and there is a good probability for the current Weekly candle to close Bearish forming Weekly Resistance.
by SalimFX20
XAUUSD Technical Analysis 29th February 2024 1h chart– Wednesday Daily candle closed Bullish within recent Daily Range as price continue to consolidate. 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 2030.300 targeting Daily Support formed around 2024.300 and 4h Support around 2017.000. The High Impact News ahead of the New York session for Thursday might be the token for price to break out of the current Daily / 4h range.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 29th February 2024 1h chart– Wednesday Daily candle closed weak Bearish as price continues to consolidate within the 4h timeframe. I’ll be looking for potential Buys above 190.970 targeting 4h Resistance at 191.310 and previous Weekly Support formed on 22nd July 2015 around 191.840. I’ll be looking for potential Sells below 190.310 targeting 1h Strong Support around 189.940 and previous 4h Support formed on 21st February 2024 around 189.490. Sells are more likely to play out rather than Buys as price is failing to continue bullish and Monthly candle closing before end of the week.
by SalimFX20
XAUUSD Technical Analysis 28th February 2024 1h chart– 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.
OANDA:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 28th February 2024 1h chart– Tuesday Daily candle closed weak Bearish forming Daily Resistance around 191.120. I’ll be looking for potential Buys above 191.300 targeting previous Weekly Support formed on 27th July 2015 around 191.840 and previous Daily Support formed on 10th August 2015 around 192.350. I’ll be looking for potential Sells below 190.450 targeting 1h Strong Support formed at 189.960 and 4h previous Resistance formed on 21st February 2024 around 189.490. as anticipated price is failing to continue bullish as the Monthly candle coming to a close so it would make sense to see pullback on the Daily to allow the Monthly candle to close with a top wick to the upside.
by SalimFX20
GBPJPY Technical Analysis 27th February 2024 1h chart– Monday Daily candle closed Bullish filling the previous Weekly High. I’ll be looking for potential Buys above 191.330 targeting previous Weekly Support formed on 27th July 2015 around 191.840 and previous Daily Support formed on 10th August 2015 around 192.350. I’ll be looking for potential Sells below 190.900 targeting 4h Support formed at 190.450 and 1h Strong Support around 189.960. The Bullish candle for Monday could of been Weekly forming a high before retracing to form a potential Weekly Resistance, that will also allow the February Monthly candle to close with a wick to the upside.
by SalimFX20
XAUUSD Technical Analysis 26th February 2024 1h chart– Previous Weekly candle closed strong Bullish around 2035.400 forming Weekly Support around 2013.200, Friday Daily candle closed Bullish within Daily Resistance formed back on Wednesday 7th February this year. I’ll be looking for potential Buys above 2041.700 targeting previous 1h Support formed on 1st February at 2046.200 and previous 4h Range formed around 2052.600. I’ll be looking for potential Sells below 2033.300 targeting 30min Support around 2027.000 and 1h previous Support around 2020.700. Despite the Weekly and last Daily candle closing Bullish there is a high probability for price to reject the 2050s / 2052s range as price previously ranged around those levels.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 26th February 2024 1h chart– Previous Weekly candle closed strong Bullish at 190.650 , Friday Daily candle closed weak Bullish leaving a Rejection wick to the upside. I’ll be looking for potential Buys above 190.840 anticipating for price to fill the previous Weekly High at 191.140 and previous Daily Support formed on 28th July 2015 around 191.460. I’ll be looking for potential Sells below 190.400 targeting 1h Support around 189.930 and another Hourly Support around 189.590. Despite the previous Weekly candle closing Bullish, there is a good probability for price to form Daily Resistance for Monday knowing that the Friday Daily candle closed weak Bullish with a Rejection wick to the upside.
by SalimFX20
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.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 23rd February 2024 1h chart– Thursday Daily candle closed Bullish as price fills the previous Weekly High. I’ll be looking for potential Buys above 190.800 targeting previous Daily Support formed on 28th July 2015 around 191.460 and previous Weekly Support formed on 27th July 2015 around 191.850. I’ll be looking for potential Sells below 190.250 targeting 1h Support formed at 189.800 and previous 4h Resistance formed at 189.500. Despite current Weekly candle trending Bullish, there is a slight probability for price to retrace on the Weekly meaning Friday Daily candle could possibly form Resistance.
by SalimFX20
1
XAUUSD Technical Analysis 22nd February 2024 1h chart– 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.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 22nd February 2024 1h chart– Wednesday Daily candle closed Bullish above recent Daily Resistance formed on Wednesday 14th (last week). I’ll be looking for potential Buys above 190.000 targeting previous Weekly Support formed back in 2004/2005 around 190.340 and Daily Rejection formed on 27th July 2015 around 191.000. I’ll be looking for potential Sells below 189.610 targeting 4h Support formed at 189.280 and Daily Support formed at 188.940. High Impact News ahead of the London session for the Pound Sterling which may bring volatility to the market.
by SalimFX20
1
XAUUSD Technical Analysis 21st February 2024 1h chart– Tuesday Daily candle closed Bullish around 2024.500. I’ll be looking for potential Buys above 2030.500 targeting Daily Resistance around 2036.000 and 1h Resistance around 2042.600. I’ll be looking for potential Sells below 2022.500 targeting 4h Strong Support at 2016.900 and 1h Strong Support around 2011.700. The idea posted on the previous analysis for price to form 4h Resistance is already coming into a play despite the last 4 Daily candles being Bullish as the current Bullish trend on Gold could be Weekly candle forming top wick before breaking the lows to fill the previous Weekly low.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 21st February 2024 1h chart– Tuesday Daily candle closed weak Bullish and Rejected Daily Resistance formed Wednesday 14th February (Last week) as price still consolidating on Daily timeframe. I’ll be looking for potential Buys above 189.670 targeting 4h Resistance formed at 190.030 and previous Weekly Support formed back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and 1h Strong Support around 187.920. Targets for both Buys and Sells kept tight due to price ranging on the Daily and 4h timeframe up until we get decent confirmation on price breaking out of the current range.
by SalimFX20
XAUUSD Technical Analysis 20th February 2024 1h chart– Monday Daily candle closed small Bullish as price ranges on the 4h timeframe. I’ll be looking for potential Buys above 2022.400 targeting 1h Resistance at 2028.400 and 4h Resistance at 2034.400. I’ll be looking for potential Sells below 2013.100 targeting 1h previous Resistance at 2007.600 and recent 4h Support at 2001.300. There is still a good probability for price to fill the previous Weekly Low. Would be good to have 4h rejection to upside followed by 4h / Daily Resistance to have the probability on our favour
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 20th February 2024 1h chart– Monday Daily candle closed weak Bearish as price ranged overall on the 4h timeframe within the no trade zone so the analysis will remain the same as the one posted yesterday. I’ll be looking for potential Buys above 189.470 targeting recent Daily Resistance at 189.820 and previous Weekly Support held back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and strong 1h Support around 187.920. Ideally is to allow the Asian session to form a new range for the week ahead and wait for a much better confirmation around the London session.
by SalimFX20
XAUUSD Technical Analysis 19th February 2024 1h chart– Previous Weekly candle closed weak Bearish with an almost 300 pip Rejection wick to the downside. Friday candle closed Bullish retesting the previous Weekly Support area formed at the end of January 2024. I’ll be looking for potential Buys above 2015.300 targeting previous 4h Support area formed around 2020.000 and recent 4h Resistance formed at 2026.800. I’ll be looking for potential Sells on close below 2008.500 targeting recent 4h Support at 2001.400 and 1h Support around 1996.000. Despite the Weekly closing Bearish with a rejection to the downside there is still a good probability for the new Weekly candle to fill the Rejection wick.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 19th February 2024 1h chart– Previous Weekly candle closed Bullish breaking above recent Weekly Resistance, Friday Daily candle closed small Bullish forming Daily Support at 188.850. I’ll be looking for potential Buys above 189.470 targeting recent Daily Resistance at 189.820 and previous Weekly Support held back in 2004/2005 around 190.300. I’ll be looking for potential Sells below 188.840 targeting 4h Support at 188.320 and strong 1h Support around 187.920. Ideally is allow the Asian session to form a new range for the week ahead and wait for a much better confirmation around the London session.
by SalimFX20
XAUUSD Technical Analysis 16th February 2024 1h chart– Thursday Daily candle closed Bullish forming Daily Support around 1992.400. I’ll be looking for potential Buys above 2008.400 targeting previous Daily Support formed on 25th January 2024 at 2014.200 and the previous 4h Support formed on 12th February 2024 at 2019.200. I’ll be looking for potential Sells below 2000.100 targeting previous 1h Resistance formed around 1995.000 and recent 4h Support around 1989.100. Despite the Monthly and Weekly candles trending Bearish I will be keeping an eye on price movement around 2004 (Weekly Support) so we might see Bullish candle Friday which will allow Weekly to close above Weekly Support.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 16th February 2024 1h chart– Thursday Daily candle closed weak Bearish with 90 Pip rejection wick to the downside as price reject the previous consolidation zone formed in January on the Daily timeframe, I’ll be looking for potential Buys above 189.220 targeting 4h Resistance at 189.700 and anticipating for a potential Wick fill of the current Weekly high at 190.090. I’ll be looking for potential Sells below 188.590 targeting 1h Support at 188.230 and and potential Daily wick fill from Thursday at 187.290.
by SalimFX20
XAUUSD Technical Analysis 15th February 2015 1h chart– Wednesday Daily candle closed weak Bearish at 1992.300 rejecting the 1984s area as price ranges on the Hourly timeframe. I’ll be looking for potential Buys above 1996.200 targeting previous Weekly Low formed on 11th December 2023 around 2004.200 and previous 1h Support formed this Monday at 2012.000. I’ll be looking for potential Sells below 1987.200 targeting recent 4h Support at 1982.000 and Hourly Support at 1974.800. High Impact News event ahead of the New York session for the US Dollar which may allow price to break out of the recent Hourly range.
OANDA:XAUUSD
by SalimFX20