XAUUSD Technical Analysis 4th February 2025 1h chart

XAUUSD Technical Analysis 4th February 2025 1h chart
– Monday Daily candle closed strong Bullish at 2814.400 filling the Friday Daily Rejection and tapping into an all time high at 2830s.

– I’ll be looking for potential Buys above 2821.200 targeting Hourly Resistance at 2830.000 Leaving Runners to potential Key Level around 2840s.


– I’ll be looking for potential Sells below 2810.500 targeting previous Hourly Resistance around 2801.800 Leaving Runners to the previous Hourly Support formed around 2791.000.


– Price has already broken Friday’s high and is tapping into a new high around the 2830s as fresh volume floods back into the market. Is this the start of a bullish rally, or will we see a pullback soon?