XAUUSD Technical Analysis 31st August 2026 1h chart

XAUUSD Technical Analysis 31st August 2026 1h chart
– Previous Weekly candle closed strong Bearish at 4454.600 forming Weekly Resistance at 4616.000. Friday Daily candle closed strong Bearish almost tapping the previous Daily Range.

– I’ll be looking for potential Buys above 4487.000 targeting Strong Key Level at 4525.000 Leaving Runners to the previous 4h Resistance formed at 4565.000.


– I’ll be looking for potential Sells below 4435.000 targeting previous 4h Resistance formed at 4395.000 Leaving Runners to the Hourly Support formed at 4360.000.


– Volume is finally back in the market, and the weekly timeframe has now formed a clear resistance zone. The key question is whether this marks the start of a deeper bearish move.