
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.
