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.