XAUUSD Technical Analysis 8th August 2024 1h chart

– Wednesday Daily candle closed small Bearish around 2382.600 closing within Daily Support formed on 29th July 2024. I’ll be looking for potential Buys above 2389.500 targeting Hourly Resistance around 2400s Leaving Runners to the Daily Rejection formed around 2407.500. I’ll be looking for potential Sells below 2374.500 targeting Daily Support formed around 2364.000 Leaving Runners to the 4h Strong Support formed on 4th July 2024. High Impact News ahead of the New York session for the US Dollar, There is a good probability for price to push Bullish on the Daily allowing for price to retest Strong Key Level around 2400s.