
Uniglobe Markets
June 19, 2025 at 07:02 AM
*XAU/USD Technical Overview*
Gold (XAU/USD) is under consistent pressure, trading below its moving averages and testing key horizontal support near 3380. Momentum remains weak, with RSI approaching oversold territory. Unless a bullish catalyst emerges, downside bias remains intact.
Support and Resistance Levels
Support: 3380, 3330
Resistance: 3420, 3445
Buy Scenario
A strong bullish candle closing above 3420 would suggest recovery potential toward 3445.
Sell Scenario
Break below 3380 confirms bearish continuation toward 3330.
