XAUUSD Technical Analysis 29th January 2025 1h chart

XAUUSD Technical Analysis 29th January 2025 1h chart
– Tuesday Daily candle closed strong Bullish at 2763.100 almost correcting the full bearish move for Monday, forming Daily Support at 2739.200.

– I’ll be looking for potential Buys above 2765.500 targeting previous 4h Support formed around 2772.700 Leaving Runners to the 4h Resistance around 2782.500.


– I’ll be looking for potential Sells below 2759.000 targeting previous 4h Support formed at 2752.500 Leaving Runners to the previous Hourly Range formed at 2745.000.


– With the Fed set to announce its Bank Rate Review, high volume and market volatility are expected. Will this decision fuel further market moves, or will we see stability? Stay sharp and prepare for potential shifts!