XAUUSD Technical Analysis 21st May 2024 1h chart

– Monday Daily candle closed weak Bullish at 2426 level as price forms a new high tapping into a Strong Psychological Key Level of 2450.000. I’ll be looking for potential Buys above 2435.400 targeting 1h Resistance formed around 2442.700 and potentially leaving Runners to retest the new high formed on Monday to fill the Rejection Wick at 2450.000. I’ll be looking for potential Sells below 2423.000 targeting 4h Support around 2414.000 and Hourly Support around 2407.100. We have the Treasury Secretary Janet Yellen due to speak at the Frankfurt School of Finance during the London Session, We may see some volume on price during that session.