XAUUSD Technical Analysis 7th March 2025 1h chart

XAUUSD Technical Analysis 7th March 2025 1h chart
– Thursday Daily candle closed Bearish at 2910.200 forming Daily Resistance formed at 2919.600 as price continues to range on the 4h timeframe.

– I’ll be looking for potential Buys above 2917.300 targeting 4h Resistance formed at 2925.700 Leaving Runners to the previous Daily Support formed at 2934.000.


– I’ll be looking for potential Sells below 2903.300 targeting 4h Support formed at 2894.000 Leaving Runners to the previous Daily Support formed on 16th February 2025 around 2883.300.


-Major news ahead! NFP, Average Hourly Earnings m/m, and the Unemployment Rate are all set to shake up the markets at the New York session. As we approach the close of the first weekly candle for March, volatility is sure to rise.