XAUUSD Technical Analysis 3rd February 2025 1h chart

XAUUSD Technical Analysis 3rd February 2025 1h chart
– Monthly candle closed strong Bullish at 2796.600 forming Monthly Support at 2622.600 as price hits a new all time high at 2817.100. Previous Weekly candle closed Bullish and Friday closed Doji Bullish rejecting the upside closing below 2800s strong Key Level.

– I’ll be looking for potential Buys above 2802.500 targeting 4h Resistance at 2809.000 Leaving Runners to 2817.100 to retest the all time high.


– I’ll be looking for potential Sells below 2790.800 targeting 15min Support formed at 2783.000 Leaving Runners to the Hourly Support formed at 2777.000.


– With January’s monthly candle closing strong bullish and gold tapping into a historical all-time high, we’re expecting more volume than ever to flood the market. Now is the perfect time to stay engaged and seize potential opportunities.