XAUUSD Technical Analysis 5th August 2024 1h chart
– Previous Weekly candle closed Bullish at 2442.300 forming Weekly Support around 2386, Friday Daily candle closed Doji Bearish. I’ll be looking for potential Buys above 2447.000 targeting 30min previous Support formed around 2455.600 Leaving Runners to the 1h previous Resistance formed around 2466.800. I’ll be looking for potential Sells below 2437.000 targeting Hourly Support around 2427.700 Leaving Runners to the next 1h Strong Support formed around 2417.000. High Impact News ahead of the New York session for the US Dollar which may bring High Volatility to the market.