XAUUSD Technical Analysis 7th May 2024 1h chart

– Monday Daily candle closed Bullish at 2323.600 forming Daily Support at 2304.200. I’ll be looking for potential Buys above 2329.000 targeting Daily Resistance formed at 2336.000 and 4h Resistance around 2342.800. I’ll be looking for potential Sells below 2318.000 targeting 1h previous Resistance formed at 2311.500 and Daily Support around 2304.200. Despite Daily closing Bullish forming Daily Support price still ranging on the 4h timeframe and respecting 2330 Key Level.