XAUUSD Technical Analysis 8th April 2025 1h chart

XAUUSD Technical Analysis 8th April 2025 1h chart
– Monday Daily candle closed Bearish at 2982.500 as price breaks below Daily Range formed at the of March 2025.

– I’ll be looking for potential Buys above 2988.500 targeting previous 15min Support formed at 3006.500 Leaving Runners to the 15min Resistance formed at 3027.500.


– I’ll be looking for potential Sells below 2966.000 targeting Strong Key Level at 2950.000 Leaving Runners to the 4h Strong Support formed on 12th March 2025 around 2933.000.


– Extreme volume and high volatility mark the start of the week as price breaks and closes below the key 3000 level. Is this the beginning of a deeper move ?