XAUUSD Technical Analysis 31st January 2025 1h chart

XAUUSD Technical Analysis 31st January 2025 1h chart
– Thursday Daily candle closed strong Bullish at 2793.600 breaking the all time high.

– I’ll be looking for potential Buys above 2798.800 targeting Potential Key Level at 2810s and next Key Level at 2820s anticipating volume to push higher.


– I’ll be looking for potential Sells below 2788.800 targeting Hourly Support formed at 2777.600 Leaving Runners to the Previous Daily Resistance formed around 2770.000.


– As January’s monthly candle and the weekly candle come to a close, expect potential volatility and unpredictable price action. With February around the corner, fresh volume and new market trends could emerge.