XAUUSD Technical Analysis 31st July 2025 1h chart

XAUUSD Technical Analysis 31st July 2025 1h chart
– Wednesday Daily candle closed strong Bearish at 3275.200 breaking below Major Key Level of the 3300s.

– I’ll be looking for potential Buys above 3281.500 targeting previous Hourly Support at 3291.000 Leaving Runners to the Hourly Resistance formed at 3302.000.


– I’ll be looking for potential Sells below 3268.000 targeting previous 4h Resistance formed on 13th May 2025 around 3255.500 Leaving Runners to the Daily Rejection formed on 28th May 2025 around 3245.000.


– Gold trades within a 135-pip no-trade zone after sharp intraday volatility. With Core PCE Price Index, Employment Cost Index, and Unemployment Claims ahead, expect heavy moves. Let the data lead.