XAUUSD Technical Analysis 12th May 2025 1h chart

XAUUSD Technical Analysis 12th May 2025 1h chart
– Previous Weekly candle closed Bullish at 3224.800 within recent Weekly Resistance forming Weekly Support at 3238.000. Friday Daily candle closed Bullish forming Daily Support at 3304.000.

– I’ll be looking for potential Buys above 3345.500 targeting Hourly Resistance at 3361.000 Leaving Runners to the 4h Resistance formed at 3382.500.


– I’ll be looking for potential Sells below 3320.000 targeting 4h Support at 3300.000 Leaving Runners to the 30min Support formed at 3280.000.


– The weekly candle closed with a strong rejection around the 3350s after forming weekly support. The key question now is whether price will build enough momentum to retest the highs of May or if this rejection signals the beginning of a deeper pullback.