XAUUSD Technical Analysis 25th March 2024 1h chart
– Previous Weekly candle closed extremely weak Bullish at 2165.000 leaving a 580 Pip Rejection wick to the upside and closing below recent Weekly Resistance, Friday Daily candle closed Bearish respecting Daily Resistance formed on Thursday at 2186.000. I’ll be looking for potential Buys above 2168.600 targeting 4h Resistance formed at 2175.000 and Weekly Resistance formed at 2180.300. I’ll be looking for potential Sells below 2159.200 targeting 4h Support at 2153.000 and next 4h Support around 2147.500. As Gold has been extremely Bullish and Volatile in the last 4 Weeks, we might see price consolidating on Daily timeframe between 2150s and 2190s leading to end of this month prior to new Monthly candle opening for April2024.