XAUUSD Technical Analysis 6th May 2024 1h chart

– Previous Weekly candle closed Bearish at 2301.100 respecting recent Weekly Resistance. Friday Daily candle closed Doji Bearish respecting recent Daily Support and Resistance. I’ll be looking for potential Buys above 2308.000 targeting 30min Resistance around 2317.200 and 4h Resistance around 2324.500, I’ll be looking for potential Sells below 2294.500 targeting 30min Support formed around 2286.800 and the Hourly Support formed on 5th April 2024 around 2279.100. price currently extending a Consolidation Zone on the 4h timeframe, Ideally is to have a good confirmation for Buys or Sells out of the No Trade Zone during high volume time to increase the probability of the trade been in your favour.