XAUUSD Technical Analysis 08.08.2023 1h chart

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– Previous Daily candle closed Bearish at 1936.600 forming Daily Resistance at 1942.700.
– Buys on close above 1938.500 targeting Daily Resistance formed on Monday this week, Leaving Runners to the 30min Resistance formed at 1945.700.
– Sells on close below 1932.200 targeting Daily previous Support formed on 11th July 2023 at 1925.400, Leaving Runners to the Monthly Support formed on July 2023 at 1919.400.
– Medium Impact News ahead of the New York session as FOMC Member Harker due to speak about the economic outlook at an event hosted by Philadelphia Business Journal.

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