XAUUSD Technical Analysis 12th August 2024 1h chart

– Weekly candle closed weak Bearish around 2430.700 forming weak Weekly Resistance around 2443.100, Friday Daily candle closed weak Bullish as price mostly ranged on the Friday sessions. I’ll be looking for potential Buys above 2434.500 targeting 30min Resistance formed around 2441.500 Leaving Runners to the Daily Resistance formed on 31st July around 2448.500. I’ll be looking for potential Sells below 2423.500 targeting 1h Support formed around 2417.000 Leaving Runners to the 30min Support formed around 2408.000. as Friday Daily candle ranged ideally is to allow the Asian session to form a new range and wait for high volume time for price to break out of the range and anticipate where price will go.