XAUUSD Technical Analysis 7th January 2025 1h chart

XAUUSD Technical Analysis 7th January 2025 1h chart
– Monday Daily candle closed Doji Bearish at 2635.600 rejecting the 4h Support formed before end of 2024.

I’ll be looking for potential Buys above 2640.800 targeting 4h Rejection formed at 2649.500 Leaving Runners to the 4h Resistance formed at 2659.500.

I’ll be looking for potential Sells below 2632.000 targeting 4h Support at 2624.300 Leaving Runners to the Hourly Rejection formed at 2614.500.

Key data ahead during the New York session: ISM Services PMI and JOLTS Job Openings set to shape market direction. Stay tuned for potential USD volatility!