XAUUSD Technical Analysis 9th February 2024 1h chart

– Thursday Daily candle is 2nd Daily candle closing Doji Bearish for this week, leaving 140 pip rejection wick to the downside as price retrace back into recent 4h Consolidation Zone. I’ll be looking for potential Buys above 2039.000 targeting 4h Rejection formed on Wednesday during New York Stock Exchange session (2044.800) and 1h previous Support formed on Friday last week (Pre NFP) at 2051.400 . I’ll be looking for potential Sells below 2029.300 targeting recent Daily Support at (2025.000) and 4h Support formed on Thursday during the New York session at (2020.300). Sells targets are much smaller than buys simply because of how price rejecting the downside on the Daily timeframe.