XAUUSD Technical Analysis 12th March 2025 1h chart

XAUUSD Technical Analysis 12th March 2025 1h chart
– Tuesday Daily candle closed Bullish at 2915.700 forming Daily Support at 2888.700 as price retrace back to the range.

– I’ll be looking for potential Buys above 2920.000 targeting Hourly Resistance at 2926.700 Leaving Runners to the previous Daily Support formed on 23 February 2025 around 2934.000.


– I’ll be looking for potential Sells below 2911.500 targeting previous 1h Resistance formed at 2902.500 Leaving Runners to the Hourly Support formed at 2895.500.


– Price has returned to the 4-hour range on the daily chart. Will the upcoming CPI news be the catalyst to break the price out of the current consolidation zone?