XAUUSD Technical Analysis 8th October 2024 1h chart
– Monday Daily candle closed Bearish at 2641.900 trading within recent Daily Rejection Zones as price continues to consolidate on the Daily timeframe. I’ll be looking for potential Buys above 2648.000 targeting 1h previous Support formed at 2655.000 Leaving Runners to the 1h Strong Resistance formed at 2661.500. I’ll be looking for potential Sells below 2638.500 targeting Daily Wick Fill for Friday at 2632.000 Leaving Runners to the 4h Support formed at 2624.600. Price continues to range on the Daily timeframe between 2630s to 2660s so ideally is to wait for a good confirmation before taking a position for either Buys or Sells.