XAUUSD Technical Analysis 20th August 2024 1h chart

XAUUSD Technical Analysis 20th August 2024 1h chart
– Monday Daily candle closed weak Bearish around 2503.700 forming Daily Resistance around 2508.600. I’ll be looking for potential Buys above 2510.000 targeting Potential Key Level at 2520s and next level at 2525s. I’ll be looking for potential Sells below 2500.000 targeting 4h Support around 2491.200 Leaving Runners to 2485.500 to fill the Wick for the Monday Daily candle. Despite Daily closing Bearish forming Daily Resistance there is still a good probability for price to break the highs again as weak Daily Resistance has been formed.