XAUUSD Technical Analysis 4th August 2025 1h chart

XAUUSD Technical Analysis 4th August 2025 1h chart
– Monthly candle for July closed weak Bearish at 3290.000 rejecting the upside as price starting to form Monthly Consolidation Zone. Previous Weekly candle closed Bullish at 3362.600 rejecting the downside and Friday closed strong Bullish respecting Thursday Daily Support.

– I’ll be looking for potential Buys above 3372.000 targeting 4h Resistance at 3391.000 Leaving Runners to the Hourly Rejection formed on 23rd July 2025 around 3405.500.


– I’ll be looking for potential Sells below 3355.000 targeting 30min Support at 3338.500 Leaving Runners to the previous 4h Support formed around 3322.500.


– Monthly remains trapped in a range, while last week closed bullish within that same zone. Ideally is to wait for the Asian session to form a new range to give an idea of where price will be heading next.