Uniglobe Markets
Uniglobe Markets
June 20, 2025 at 08:01 AM
*XAU/USD Technical Overview* Gold is under sustained bearish pressure, trading in a defined downtrend channel. Price continues to close below all EMAs, with RSI at 32.36 – nearing oversold but not yet divergent, suggesting more downside is possible. Support and Resistance Levels Resistance: 3386, 3402 Support: 3345, 3328 Buy Scenario If RSI dips into oversold and price forms a double bottom at 3345 with bullish divergence, look for a retracement toward 3386. Sell Scenario A clean break below 3345 confirms bearish continuation toward 3328 and 3310 in extension.
Image from Uniglobe Markets: *XAU/USD Technical Overview*  Gold is under sustained bearish pressure...

Comments