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XAUUSD Technical Analysis 25.02.2022 1h chart



– Gold prices popped higher on Thursday as traders sought safe-haven plays with Russia invading Ukraine, Spot gold prices popped 2.1% to $1,974 an ounce, hovering around a one-year high. The move in gold comes alongside a major risk-off trade in markets globally as Russia launched an attack on Ukraine. Previous Daily candle closed Bearish with huge Rejection wick closing back at 1903.500, the 102 Pip is a large area to be marked as a No Trade Zone but we have to adapt with the market structure in terms of Support and Resistance, we want the highest probability set up to win the trade so we marked 1913.600 for Buys as price breaks above the recent Resistance and for Sells below 1903.400 at the break of the 4h Support.To get more news about dominion markets, you can visit wikifx.com official website.
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