XAUUSD Technical Analysis 28th January 2025 1h chart

XAUUSD Technical Analysis 28th January 2025 1h chart
– Monday Daily candle closed strong Bearish at 2740.200 forming Daily Resistance at 2770.300.

– I’ll be looking for potential Buys above 2744.000 targeting previous 4h Support formed at 2752.500 Leaving Runners to the 4h Resistance formed at 2763.200.


– I’ll be looking for potential Sells below 2733.800 targeting Hourly Support formed on 21st January 2025 around 2725.800 and next Hourly Support around 2718.800.


– Gold has seen a significant retracement from the start of the week. Will this correction pave the way for a bullish recovery, or are further declines on the horizon? Stay tuned as the market reveals its next move!