
Uniglobe Markets
May 30, 2025 at 06:25 AM
*XAU/USD Technical Overview*
Gold has pulled back after a strong rally and is currently testing the lower bounds of its recovery. The price action is now slightly bearish but still holds above previous support, leaving room for a bounce or further retracement.
Support and Resistance Levels
• Support: 3290 / 3270
• Resistance: 3315 / 3340
Buy Scenario
Buy above 3315 targeting 3340, if the recovery regains strength.
Sell Scenario
Sell if price drops below 3290 with potential downside to 3270.
