XAUUSD Technical Analysis 2nd May 2025 1h chart

XAUUSD Technical Analysis 2nd May 2025 1h chart
– Thursday Daily candle closed Bearish at 3238.000 breaking below recent Daily Range that lasted for almost 2 weeks.

– I’ll be looking for potential Buys above 3242.000 targeting 4h previous Rejection Level at 3265.500 Leaving Runners to the previous 4h Support formed at 3283.500.


– I’ll be looking for potential Sells below 3214.500 targeting 4h Support formed on 14th April 2025 around 3195.500 Leaving Runners to the Strong Key Level at 3175.000.


– High-impact news ahead for the US Dollar as key economic data is set to be released — Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate. Will this spark major volatility in the markets?