XAUUSD Technical Analysis 11th March 2024 1h chart

10 Mar

– Last Weekly candle closed extremely Bullish breaking above the all time high formed in December 2023. Friday Daily candle closed strong Bullish around 2179.300. I’ll be looking for potential Buys above 2185.800 targeting 30min Resistance around 2194.000 and Strong Key Level around 2200.000. I’ll be looking for potential Sells below 2170.800 targeting 1h previous Resistance around 2162.500 and 1h Strong Support around 2154.000. As Gold has been extremely Bullish for last 9 Daily candles there is high probability for price to retrace and correct the move to at least around 2150s area.