XAUUSD Technical Analysis 9th May 2024 1h chart

– Wednesday Daily candle closed Bearish around 2308 as price continues to range on the Daily and 4h timeframe. I’ll be looking for potential Buys above 2319.300 targeting 4h Resistance formed around 2329.300 and Daily Resistance around 2337.300. I’ll be looking for potential Sells below 2305.500 targeting 4h Support around 2295.600 and Hourly Support around 2289.600. High Impact News ahead of the New York session for the US Dollar which may create high volatility in the market. Potentially current Weekly candle could possibly start to move Bearish as price respects and rejects 2330s level.