XAUUSD Technical Analysis 2nd September 2024 1h chart
– August Monthly candle closed Bullish at 2502.900, Previous Weekly candle closed weak Bearish with a slight Rejection to the upside forming Weekly Resistance around 2511.300, Friday Daily candle closed Bearish as price forming a Range on the Daily timeframe. I’ll be looking for potential Buys above 2508.000 targeting 1h previous Support formed at 2515.000 Leaving Runners to the 4h Resistance formed at 2523.000. I’ll be looking for potential Sells below2497.500 targeting Hourly Support around 2490.900 Leaving Runners to the Daily Support formed at 2483.300. US Bank Holiday on Monday so we might see low volume in the market.