XAUUSD Technical Analysis 19th August 2024 1h chart
– Previous Weekly candle closed extremely Bullish around 2507.100 forming strong Weekly Support around 2428s and forming and tapping into a new all time high at 2510s, Friday Daily candle closed strong Bullish as well breaking above recent Daily Resistance formed last Monday. I’ll be looking for potential Buys above 2510.000 targeting a Potential Key Level at 2520s and next level at 2525s. I’ll be looking for potential Sells below 2499.200 targeting 15min Support around 2493.800 Leaving Runners to the recent Hourly Support at 2487.000. As price formed new all time high ideally is to wait for price to retrace before the continuation to the upside.