XAUUSD Technical Analysis 7th April 2025 1h chart

XAUUSD Technical Analysis 7th April 2025 1h chart
– Previous Weekly candle closed Bearish at 3036.500 forming Weekly Resistance at 3086.400 as price forms a huge Rejection to the upside. Friday Daily candle closed Bearish filling the Thursday Daily Rejection.

– I’ll be looking for potential Buys above 3041.000 targeting Thursday Daily Rejection formed at 3054.000 Leaving Runners to the 30min previous Support formed at 3070.000.


– I’ll be looking for potential Sells below 3022.000 targeting Daily Support formed on 24th March 2025 around 3010.000 Leaving Runners to the Daily Rejection formed on 20th March 2025 around 3000.000.


– The first weekly candle of April closed strong bearish with a major rejection to the upside. Huge moves in the market are creating bigger ranges and larger targets for take profits. Are you ready for the volatility?