XAUUSD Technical Analysis 16th June 2025 1h chart

XAUUSD Technical Analysis 16th June 2025 1h chart
– Previous Weekly candle closed strong Bullish at 3432.600 filling the previous Weekly Rejection and closing above the highest Weekly Resistance formed. Friday Daily candle also closed strong Bullish.

– I’ll be looking for potential Buys above 3441.500 targeting Hourly Resistance around 3456.800 Leaving Runners to the 4h Rejection formed on 22nd April 2025 around 3468.500.


– I’ll be looking for potential Sells below 3426.000 targeting Hourly Support formed at 3414.000 Leaving Runners to the 30min Rejection formed at 3403.000.


– Strongest weekly candle in history just closed — market reacting to rising geopolitical tensions between Iran and Israel. Eyes now on what comes next.