XAUUSD Technical Analysis 8th May 2024 1h chart

– Tuesday Daily candle closed Bearish at 2313.600 forming Daily Resistance at 2323.600 as price continues to range on the Daily timframe. I’ll be looking for potential Buys above 2318.500 taregting Hourly Resistance around 2325.000 Leaving Runners to the previous 4h Support formed at 2331.000. I’ll be looking for potential Sells below 2309.000 targeting previous 1h Support formed at 2302.400 and 4h Support formed at 2295.700. Sells are more likely to play out as price respects and rejects 2330 level which increases the probability for price to retest 2300 Key Level.