XAUUSD Technical Analysis 20th February 2025 1h chart

XAUUSD Technical Analysis 20th February 2025 1h chart
– Wednesday Daily candle closed weak Bearish at 2932.800 forming weak Daily Resistance at 2935.400 and tapping into a new all time high at 2947.200.

– I’ll be looking for potential Buys above 2938.600 targeting 4h Resistance formed at 2945.600 Leaving Runners to the Potential Key Level at 2950s.


– I’ll be looking for potential Sells below 2930.000 targeting 4h Support formed at 2923.500 Leaving Runners to the 30min Support formed at 2917.500.


– Price tested a new high but faced strong rejection, closing weak bearish. Will we see a deeper pullback or a push back up?