XAUUSD Technical Analysis 23rd May 2025 1h chart

XAUUSD Technical Analysis 23rd May 2025 1h chart
– Thursday Daily candle closed Bearish at 3294.700 forming Daily Resistance at 3315.000 as price reject the upside.

– I’ll be looking for potential Buys above 3301.500 targeting Daily Resistance at 3315.000 Leaving Runners to the 4h Resistance formed at 3327.500.


– I’ll be looking for potential Sells below 3287.500 targeting 4h Rejection formed at 3277.000 Leaving Runners to the previous Hourly Resistance formed on 13th May 2025 around 3262.300.


– Price remains in the range on the weekly timeframe, while the daily just formed a fresh resistance with a strong rejection to the upside. Momentum is stalling — is this the beginning of a deeper pullback or just a pause before the next breakout?