XAUUSD Technical Analysis 1st May 2025 1h chart

XAUUSD Technical Analysis 1st May 2025 1h chart
– Monthly candle for April 2025 closed Bullish at 3285.400 with a Wick to the upside as price tapped 3500s. Wednesday Daily candle closed small Bearish within recent Daily Support formed on 23rd April 2025.

– I’ll be looking for potential Buys above 3296.000 targeting 4h Resistance at 3311.000 Leaving Runners to the next 4h Resistance around 3328.500.


– I’ll be looking for potential Sells below 3283.000 targeting Hourly Support at 3271.000 Leaving Runners to the 30min Rejection formed on 16th April 2025 around 3256.000.


– Gold’s monthly candle closed strong bullish after tapping and rejecting the historical 3500s level. With bullish momentum in play, will we see continuation or a deeper pullback in the sessions ahead?