XAUUSD Technical Analysis 7th May 2025 1h chart

XAUUSD Technical Analysis 7th May 2025 1h chart
– Tuesday Daily candle closed Strong Bullish at 3431.500 as price break and close above Daily Resistance formed on 21st April 2025.

– I’ll be looking for potential Buys above 3440.000 targeting 30min Strong Resistance formed on 22nd April 2025 around 3459.000 Leaving Runners to the 30min Previous Support formed on 22nd April 2025 around 3479.000.


– I’ll be looking for potential Sells below 3414.000 targeting 30min Support formed at 3395.000 Leaving Runners to the previous 4h Resistance formed on 23rd April 2025 around 3370.000.


– With the Federal Reserve set to review the bank rate, all eyes are on gold. Will uncertainty around US monetary policy push gold higher, or will a hawkish stance trigger a correction? Big moves could be on the horizon.