
Uniglobe Markets
June 18, 2025 at 06:28 AM
*XAU/USD Technical Overview*
Gold (XAUUSD) remains broadly range-bound after its recent correction from highs around 3449. Despite repeated attempts, the metal struggles to build bullish momentum above the 3400 zone. RSI hovers below the midpoint and moving averages are flattening, indicating indecision in the market.
Support and Resistance Levels
Support: 3380, 3350
Resistance: 3405, 3445
Buy Scenario
A break above 3405 with a closing candle confirmation could open a move toward 3445 resistance.
Sell Scenario
Failure to hold 3380 may trigger a deeper correction toward 3350.
