XAUUSD bearish continuation remains the dominant technical theme as gold stays under pressure on the 1-hour chart. The outlook is negative, with price action pushing toward a critical support area and no clear bullish momentum in sight. 
Source: cTrader platform
The ongoing XAUUSD bearish continuation is clear in the steady downtrend. The 50-period and 200-period moving averages keep gold subdued, with price trading below both. Support at 3348 is the key level—if it breaks, further declines toward 3320 and 3300 may follow. Resistance stands at 3380, where sellers previously stepped in.
Momentum continues to favor sellers. The MACD is bearish, showing no bullish cross. The ADX remains above 30, confirming a strong trend. Spikes in volume during declines further support the outlook. While some oversold signals are present, buyers remain cautious for now.
The most probable scenario is a continued XAUUSD bearish continuation. If price closes below 3348 on the hourly chart, traders may consider short entries with stops above 3380. Downside targets are 3320 and 3300.
If 3348 holds and bullish momentum returns—such as with a MACD crossover or strong bullish candle—a rebound toward 3380 or higher becomes possible. This would challenge the bearish outlook, but the trend currently favors sellers. As gold trades near 3348, XAUUSD bearish continuation remains in focus. Watch for a decisive move, and adjust your strategy accordingly as the scenario unfolds. 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 is in focus as gold slides toward 3348 support. Will the downtrend persist, or could a reversal emerge?
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