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XAUUSD Technical Analysis 13th February 2024 1h chart– Monday Daily candle closed weak Bearish within 2020 level as price ranged within 4h timeframe. I’ll be looking for potential Buys above 2026.500 targeting 1h Resistance (2033.000) and 4h Strong Resistance (2037.600) same Buys ideas we’ve had on the previous Analysis. I’ll be looking for potential Sells below 2017.700 targeting 1h Support (2012.700) and retesting Daily Support formed on Thursday 19th January around 2006.100. We have CPI data during the New York session for the US Dollar which may bring some volatility to the market.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 13th February 2024 1h chart– Monday Daily candle closed weak Bullish with a Rejection wick to the downside as price still trading within the recent 4h range. I’ll be looking for potential Buys above 188.720 to fill the previous Monthly high (January) at 188.940, to then potentially retest the previous Weekly Support formed in July 2015 around 189.320. I’ll be looking for potential Sells below 188.130 targeting 1h strong Support held around 187.760 and next 1h Support around 187.400. Targets for both Buys and Sells remains small due to price ranging on the 4h timeframe but once price break out of the current consolidation zone we will have a much bigger targets.
by SalimFX20
XAUUSD Technical Analysis 12th February 2024 1h chart– 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).
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 12th February 2024 1h chart– Previous Weekly candle closed Bullish breaking above recent Weekly Resistance held around 188.200, Friday Daily candle closed weak Bullish with a slight Rejection to the upside almost filling the previous Monthly high, but overall price ranged on the 4h timeframe on the last trading session ( Friday ). I’ll be looking for potential Buys above 188.720 looking for price to fill the previous Monthly high (January) at 188.940, to then potentially retest the previous Weekly Support formed in July 2015 around 189.320. I’ll be looking for potential Sells below 188.200 targeting recent 1h Support (187.920) and previous 4h Support formed on 2nd February (187.500), both targets for buys and sells are fairly big due to price ranging on the 4h timeframe, so waiting for price to break out of the range is a must!
by SalimFX20
XAUUSD Technical Analysis 9th February 2024 1h chart– Thursday Daily candle is 2nd Daily candle closing Doji Bearish for this week, leaving 140 pip rejection wick to the downside as price retrace back into recent 4h Consolidation Zone. I’ll be looking for potential Buys above 2039.000 targeting 4h Rejection formed on Wednesday during New York Stock Exchange session (2044.800) and 1h previous Support formed on Friday last week (Pre NFP) at 2051.400 . I’ll be looking for potential Sells below 2029.300 targeting recent Daily Support at (2025.000) and 4h Support formed on Thursday during the New York session at (2020.300). Sells targets are much smaller than buys simply because of how price rejecting the downside on the Daily timeframe.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 9th February 2024 1h chart– Thursday Daily candle closed strong Bullish breaking above recent Daily Range (Consolidation), Respecting Daily Support formed on Wednesday. I’ll be looking for potential Buys above 188.490 targeting 4h Resistance (188.790) and previous Weekly Support formed on 13th July 2015 around (189.320). I’ll be looking for potential Sells below 187.940 targeting 4h previous Resistance formed on Friday last week (187.500) and 4h previous Resistance at (187.080). Bullish volume back on higher timeframe as current Weekly candle failed to fill the previous Weekly low, instead current Weekly candle broke above previous Weekly High and currently trading within strong recent Weekly Resistance.
by SalimFX20
XAUUSD Technical Analysis 8th February 2024 1h chart– Wednesday Daily candle closed Doji Bearish around 2035.000 rejecting 2045 area on Daily timeframe, I’ll be looking for potential Buys above 2042.500 targeting Weekly Resistance (2049.200) and Daily Resistance (2055.200). I’ll be looking for potential Sells below 2030.700 targeting Daily Support (2025.000) and Weekly Support (2018.500). Overall price ranged on Wednesday on the hourly timeframe and 4h formed a Rejection to the upside during the New York Stock Exchange session.
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 6th February 2024 1h chart– Monday Daily candle closed Bearish respecting Daily Resistance formed on Friday 2nd February around 2055s. I’ll be looking for potential Buys above 2029.700 targeting recent 1h Resistance (2038.100) and previous Weekly Support formed last month January at (2045.500). I’ll be looking for potential Sells below 2016.100 targeting recent 4h Support (2009.100) leaving runners to 2001.800 for potential Monthly Wick Fill for January 2024.
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 5th February 2024 1h chart– Previous Weekly candle closed Bullish rejecting 2 recent Weekly Resistances (2049s) and (2063s) and forming new Weekly Support just below 2020s, Friday Daily candle closed Bearish forming Resistance at 2055s. – One thing I find interesting on Daily timeframe is how Friday daily candle tapped into previous Daily Resistance held around 2030s then rejected and closed above it so so far the 2030s level is a strong area for gold to break below so we might see multiple rejections or potential Daily Support to be formed above 2030s. – I’ll be looking for potential Buys above 2044.500 for price to retest the broken 1h Support at the news event held on Friday aka NFP + Unemployment Rate, at 2051.800 and to potentially see wick fill for the previous Weekly High. – I’ll be looking for potential Sells below 2031.700 targeting 1h Strong Support (2024.700) and recent Weekly Support (2018.500).
OANDA:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 5th February 2024 1h chart– Previous Weekly candle closed weak Bearish forming weak Weekly Resistance leaving over 210 pip rejection wick to the downside as Daily candle for Friday closes Bullish. I’ll be looking for potential Buys above 187.860 to retest recent Weekly Resistance (188.150) and 1h Resistance (188.450). I’ll be looking for potential Sells below 186.950 targeting recent 1h Support (186.600) and the previous 1h Resistance formed around 186.260. Sells are much cleaner to play out than Buys despite the Weekly rejection, Also bear in mind Daily has retraced all the way back to the previous Daily Range (Consolidation Zone) formed in between (187.560 – 188.230).
by SalimFX20
XAUUSD Technical Analysis 02.02.2024 1h chart– Thursday Daily candle closed strong Bullish at 2055.200 within Daily Resistance formed on Tuesday 16th January 2024, As per the Analysis posted yesterday (XAUUSD 01.02.2024 1h chart) the Buys played out exactly as anticipated. For Friday we have High Impact News event for the US Dollar. I’ll be looking for potential Buys above 2060.800 targeting 2066.200 for price to fill previous Daily High and Weekly Resistance (2072.200) for potential retest. I’ll be looking for Sells below 2051.300 to retest 30min recent Support (2045.500) and 4h Support (2039.000).
OANDA:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 02.02.2024 1h chart– Thursday Daily candle closed Bullish at 186.540 forming Daily Support at 186.350 and leaving over 100 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 186.700 for price to retest the broken Daily Support Range (187.400) and the 4h Resistance (187.830). I’ll be looking for potential Sells below 186.270 targeting recent previous Hourly Resistance (185.800) and recent 1h Support at (185.340). There is a good probability for Buys to play out on Friday to allow price to retest the broken Daily Range above 187.400.
by SalimFX20
1
XAUUSD Technical Analysis 01.02.2024 1h chart– Wednesday Daily candle closed small Bullish rejecting 2055 level where Daily Resistance has been formed on Tuesday 16th January 2024. Despite Daily candle closing weak Bullish there is still a probability for price to fill the rejection and retest Daily Resistance if new Daily candle holds support above 2030s. I’ll be looking for potential Buys above 2044.900 targeting recent 1h Resistance (2052.400) and the 30min Resistance formed on Friday 12th January 2024 around (2059) . I’ll be looking for potential Sells below 2031 targeting 1h Support (2024.700) and Daily Support formed this Monday 29th January (2018.400). We have another high Impact News coming up this Friday for the US Dollar (NFP) so price could possibly form a small range on the 4h or 1h timeframe leading up to the event.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 01.02.2024 1h chart– Wednesday Daily candle closed strong Bearish correcting the clean Daily candle formed on 17th January and breaking out of the recent Daily Range, I’ll be looking for potential Buys above 186.700 for price to retest the broken Daily Support Range (187.400) and the 4h Resistance (187.890). I’ll be looking for potential sells below 185.950 targeting Hourly Support (185.350) and Daily Support (184.690). We have bank rate decision for the Pound Sterling so more likely price will consolidate leading to the news release (Pre NY) .
by SalimFX20
XAUUSD Technical Analysis 31.01.2024 1h chart– Tuesday Daily candle retested strong Key Level of 2050s exactly as mentioned on the previous analysis posted for Tuesday, Daily has rejected that level and closed small Bullish. I’ll be looking for potential Buys above 2039.500 targeting recent Hourly Resistance (2046.700) and Daily Resistance formed on 16th January 2024. I’ll be looking for potential Sells below 2031.000 targeting Hourly Support (2025.200) and recent Daily Support around 2018.500. High Impact News event ahead of the Wednesday trading session for the US Dollar so there is probability for price to range prior to news release.
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 30.01.2024 1h chart– Previous Daily candle closed Bullish around 2032.600 above recent Daily Resistance, forming new Daily Support around 2018.600. – Buys on close above 2037.200 targeting 4h previous Support formed on 12th January 2024 around 2044.200, Leaving Runners to the 1h Resistance formed on 16th January 2024 around 2051.200. – Sells on close below 2024.800 targeting Daily Support formed around 2018.600, Leaving Runners to the 1h Support formed around 2011.800. – High Impact News ahead of the New York session for the US Dollar, The main focus for tomorrow is on CB Consumer Confidence and JOLTS Job Openings, High volatility expected.
OANDA:XAUUSD
by SalimFX20