XAUUSD Technical Analysis 18th August 2025 1h chart

XAUUSD Technical Analysis 18th August 2025 1h chart 1
– Previous Weekly closed strong Bearish at 3335.300 forming Weekly Resistance at 3397.600. Friday Daily candle closed Doji Bearish as price mostly ranged within the Hourly timeframe.

– I’ll be looking for potential Buys above 3346.500 targeting Daily Resistance at 3357.000 Leaving Runners to the 4h Resistance formed at 3369.500.


– I’ll be looking for potential Sells below 3329.500 targeting previous Daily Support formed at 3314.000 Leaving Runners to the Strong Key Level around 3300s.


– Gold drops over $70 from last week’s highs, forming a fresh weekly resistance zone. Is this the start of a deeper correction or just a pullback ?