XAUUSD Technical Analysis 28th March 2024 1h chart
– Wednesday Daily candle closed strong Bullish around 2194.600 breaking and closing above recent Daily Resistance. I’ll be looking for potential Buys above 2198.000 targeting 4h Resistance around 2207.600 and Hourly Rejection area formed around 2212.600. I’ll be looking for potential Sells below 2188.800 targeting previous Hourly Resistance around 2181.500 and 4h Strong Support formed around 2176.400. High Impact News day ahead for the US Dollar at the New York session. As mentioned at the beginning of the week about the potential Wick Fill of the previous Weekly High despite the huge Rejection wick to the upside the idea still played out really well from the higher timeframe for Buys.
