XAUUSD Technical Analysis 27th August 2024 1h chart
– Monday Daily candle closed small Bullish at 2517.900 breaking and closing above recent Daily Resistance. I’ll be looking for potential Buys above 2521.700 targeting Hourly Resistance around 2526.700 Leaving Runners to the the All Time Highs around 2531.700. I’ll be looking for potential Sells below 2514.700 targeting 4h Support formed around 2509.500 Leaving Runners to the next 4h previous Resistance formed on 22nd August 2024 around 2503.800. High Impact News ahead of the New York session for the US Dollar which may bring High Volatility to the market.