XAUUSD Technical Analysis 6th August 2024 1h chart

– Monday Daily candle closed Bearish around 2409.800 tapping into Daily Support formed on 25th July 2024 and rejecting. I’ll be looking for potential Buys above 2413.800 targeting 4h previous Support formed around 2421.800 Leaving Runners to the Hourly Resistance formed around 2432.000. I’ll be looking for potential Sells below 2402.000 targeting 30min Support formed around 2387.700 Leaving Runners to the 4h Support around 2375.000. Despite the Bearish momentum on the Daily there is a good probability for price to retest the 2450s Key Level retesting recent Daily Resistance.