XAUUSD Technical Analysis 6th May 2025 1h chart

XAUUSD Technical Analysis 6th May 2025 1h chart
– Monday Daily candle closed strong Bullish at 3334.100 tapping into strong Daily Resistance formed at the end of April 2025 forming Daily Support at 3239.700.

– I’ll be looking for potential Buys above 3339.000 targeting 4h Resistance formed at 3358.000 Leaving Runners to the Hourly Resistance formed on 23rd April 2025 around 3379.000.


– I’ll be looking for potential Sells below 3310.000 targeting previous 4h Support formed on 30th April 2025 around 3284.000 Leaving Runners to the 30min Support formed at 3237.000
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– Strong bullish momentum kicks off the week, with price surging nearly $100 to the upside. Is this the start of a bigger move, or will we see a pullback?