XAUUSD Technical Analysis 1st August 2025 1h chart

XAUUSD Technical Analysis 1st August 20251h chart
– Thursday Daily candle closed weak Bullish at 3289.500 forming Weak Daily Support at 3275.500.

– I’ll be looking for potential Buys above 3296.500 targeting Hourly Resistance at 3307.500 Leaving Runners to the Daily Rejection formed at 3316.500.


– I’ll be looking for potential Sells below 3284.000 targeting 4h Support at 3275.500 Leaving Runners to the Hourly Support formed at 3267.500.


– Heavyweight USD data incoming — including the highly anticipated NFP release.
Market currently consolidating in a tight range. Expect potential volatility spikes during New York session as the market react to the news.