XAUUSD Technical Analysis 26th August 2024 1h chart
– Previous Weekly candle closed weak Bullish at 2511.500, Friday Daily candle closed Bullish forming Daily Support at 2484.100 as price corrects the Thursday Sells. I’ll be looking for potential Buys above 2518.500 targeting 4h Resistance around 2526.500 Leaving Runners to 2531.700 to retest the All Time Highs. I’ll be looking for potential Sells below 2507.400 targeting 1h previous Resistance formed around 2501.400 Leaving Runners to the 15min Support formed around 2496.200.High Impact News ahead of the New York session for the US Dollar which may bring good Volatility to the market.