Uniglobe Markets
Uniglobe Markets
June 17, 2025 at 06:55 AM
*XAU/USD Technical Overview* Gold is retracing after a steep climb, currently testing support near 3390. The bearish slope of the shorter moving averages suggests short-term weakness. RSI at 41.83 shows momentum leaning towards the bearish side. Support and Resistance Levels • Support: 3380, 3350 • Resistance: 3435, 3460 Trade Scenarios Buy Scenario: A strong rebound from the 3380 level with bullish confirmation could initiate fresh long positions. Sell Scenario: Sustained trading below 3380 opens the path toward 3350.
Image from Uniglobe Markets: *XAU/USD Technical Overview*  Gold is retracing after a steep climb, c...

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