XAUUSD Technical Analysis 2nd June 2025 1h chart

XAUUSD Technical Analysis 2nd June 2025 1h chart
– Monthly candle for May Closed Doji Bearish at 3289.000 respecting the Highs and Lows of the Monthly candle for April, previous Weekly candle closed Bearish forming Weekly Resistance at 3356.500. Friday Daily candle closed also Bearish printing side by side with recent Daily Range.

– I’ll be looking for potential Buys above 3295.000 targeting 4h Resistance formed at 3304.000 Leaving Runners to the Hourly Resistance formed at 3315.800.


– I’ll be looking for potential Sells below 3282.500 targeting 4h Wick Fill around 3271.500 Leaving Runners to the Hourly Support formed at 3259.500.


– As May comes to a close, the monthly candle prints a bearish doji — a clear sign of indecision following previous momentum. This sets the stage for a critical inflection point in the market. The big question heading into June is whether the current consolidation within the weekly range will finally resolve in continuation, or if we’re about to witness a major reversal. Key support and resistance levels have held firmly so far, but pressure is building.