XAUUSD Technical Analysis 7th August 2024 1h chart

– Tuesday Daily candle closed Bearish around 2389.200 closing above Daily Support formed on 29th July 2024. I’ll be looking for potential Buys above 2395.700 targeting 4h previous Support formed around 2406.700 Leaving Runners to the 4h Resistance formed around 2416.400. I’ll be looking for potential Sells below 2381.700 targeting 30min Support formed around 2370.000 Leaving Runners to the 4h Support formed around 2362.000. Despite Daily closing small Bearish there is a good probability for price to retest Daily Support formed on 25th July 2024 around 2363 level.