XAUUSD Technical Analysis 16th April 2025 1h chart

XAUUSD Technical Analysis 16th April 2025 1h chart
– Tuesday Daily candle closed Bullish at 3230.800 forming weak Daily Support at 3210.700 as price range on the 4h timeframe.

– I’ll be looking for potential Buys above 3232.500 targeting Hourly Resistance at 3240.500 Leaving Runners to a Potential Key Level around 3250s.


– I’ll be looking for potential Sells below 3221.300 targeting Hourly Strong Support formed at 3211.800 Leaving Runners to the strong Key Level at 3200s.


– High-impact news incoming during the New York session — will it be the catalyst that pushes price to a fresh all-time high, or will we see a sharp reaction in the opposite direction? Get ready for volatility.