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.