XAUUSD Technical Analysis 9th August 2024 1h chart
– Thursday Daily candle closed strong Bullish around 2427.500 forming Strong Daily Support around 2381.700 exactly as anticipated on the previous Daily Analysis. I’ll be looking for potential Buys above 2432.000 targeting 30min Resistance formed around 2441.500 Leaving Runners to the 4h Resistance formed around 2450.000. I’ll be looking for potential Sells below 2423.000 targeting 4h previous Resistance formed around 2415.500 Leaving Runners to the Hourly Support formed around 2407.500. Huge retracement from the current Weekly candle rejecting Weekly recent Support.