
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.
