XAUUSD Technical Analysis 7th February 2025 1h chart

XAUUSD Technical Analysis 7th February 2025 1h chart
– Thursday Daily candle closed Bearish at 2855.300 forming Daily Resistance at 2865.500 and rejecting the 2830s level.

– I’ll be looking for potential Buys above 2860.000 targeting 30min Resistance at 2867.500 Leaving Runners to the 4h strong Resistance formed at 2873.500.


– I’ll be looking for potential Sells below 2848.700 targeting 4h Support formed at 2841.500 Leaving Runners to the Daily Rejection formed at 2833.800 which potentially could become a wick fill.


– Price has formed the highest daily resistance while holding major 4H resistance, setting the stage for a volatile Friday New York session. With NFP, Average Hourly Earnings, and other key data incoming, will we see a breakout or a rejection? All eyes on the numbers—big moves ahead!