XAUUSD Technical Analysis 14.08.2023 1h chart

– Previous Weekly candle closed strong Bearish at 1913.800 below Weekly Support formed on 3rd July 2023, Friday Daily candle closed weak Bullish forming weak Daily Support around 1912.400.
– Buys on close above 1919.200 targeting 4h Resistance at 1926.300, Leaving Runners to the next 4h Resistance formed at 1930.500.
– Sells on close below 1911.500 targeting 4h Support formed at 1906.300, Leaving Runners to the next 4h Support formed at 1901.300.
– Ideally is to allow the new Weekly candle to retrace and form top wick before breaking the previous Weekly Low.