XAUUSD bearish continuation is the key theme on gold’s 1-hour chart today, with price action pressing firmly toward the 3350 support. Bears remain in control as gold struggles to regain momentum. This article breaks down the latest technical signals and scenarios for traders.
Source: cTrader platform
XAUUSD remains stuck in a bearish channel, repeatedly failing to break above the 50-period and 200-period moving averages. Sellers have kept the pressure on, pushing the gold price closer to the crucial 3350 support zone. Any clear break below this level could open the path toward 3330, while a reversal above 3388 would be required to threaten the bearish structure.
Downward sloping moving averages reinforce the bearish continuation in XAUUSD, with the MACD histogram remaining negative and the latest cross favoring sellers. The ADX sits firmly above 35, underlining strong trend conditions and showing the -DI remains dominant. Notably, volume surges have accompanied sharp drops, further confirming bearish momentum. All signs point to sellers holding the upper hand for now.
The most likely scenario is XAUUSD bearish continuation, with price breaking and closing below 3350. A short entry could be considered on such a breakdown, with a target at 3330 and a stop-loss above 3365.
The alternative scenario is a bullish reversal from the 3350 support, requiring clear bullish confirmation—such as a MACD crossover and a close above 3388. Until then, bears remain in control. In summary, XAUUSD bearish continuation is the core theme while price sits beneath resistance and technical signals stay negative. Watch 3350 support and 3388 resistance closely for the next decisive move. What’s your view—will gold break down or bounce? Share your thoughts! Stay tuned for the latest updates right here on FIXIO Blog. ※Disclaimer: This content is provided for informational purposes only and does not constitute investment advice. Please be sure to conduct your own research.
XAUUSD bearish continuation remains in focus as gold nears 3350 support. Will sellers push lower, or can bulls defend? Read the technical!
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