
Uniglobe Markets
June 5, 2025 at 06:52 AM
*XAU/USD Technical Overview*
Gold (XAU/USD) remains range-bound on the hourly timeframe, with price struggling to sustain gains above 3380. The EMA ribbon has tightened, signaling consolidation. RSI near 46 supports a cautious stance.
Support and Resistance Levels
Support: 3350, 3315
Resistance: 3383, 3400
Buy Scenario
Clear breakout and close above 3383 may lead to a test of 3400.
Sell Scenario
A drop below 3350 could see price testing 3315 support.
