XAUUSD Technical Analysis 12th February 2025 1h chart

XAUUSD Technical Analysis 12th February 2025 1h chart 1
– Tuesday Daily candle closed small Bearish at 2896.800 forming Daily Resistance at 2908.200 leaving a huge rejection at 2942.700.

– I’ll be looking for potential Buys above 2900.500 targeting 4h Resistance formed at 2908.200 Leaving Runners to the previous 1h Support formed at 2916.200.


– I’ll be looking for potential Sells below 2889.200 targeting 30min Support formed at 2878.700 Leaving Runners to the previous 4h Resistance formed at 2869.300.


– Price faced heavy rejection around 2942.700, closing below the 2900s level. With CPI news on the horizon, will we see a surge in volume for the next major move?