XAUUSD Technical Analysis 28th February 2025 1h chart

XAUUSD Technical Analysis 28th February 2025 1h chart
– Thursday Daily candle closed strong Bearish at 2876.700 forming strong Daily Resistance at 2916.700 as Weekly breaks below previous Weekly Low.

– I’ll be looking for potential Buys above 2887.500 targeting Hourly Resistance at 2895.000 Leaving Runners to the previous 4h Support formed at 2905.200.


– I’ll be looking for potential Sells below 2872.000 targeting Daily Rejection formed at 2864.000 Leaving Runners to the Daily Support formed at 2855.500.


– Strong bearish momentum back on gold as price breaks the previous weekly low for the first time in 2 months. Will this lead to further downside, or will buyers step in?