XAUUSD technical analysis is in the spotlight today as gold price action stabilizes just above the crucial 3320 support. After a steep decline, volatility remains, and traders are focusing on whether gold can sustain its recovery or renew the downtrend. This article provides XAUUSD technical analysis using only technical analysis tools: RSI, moving average, and MACD.
Source: cTrader platform
The 1-hour XAUUSD chart shows gold rebounding from the 3320 support after a sharp selloff. Gold is currently trading near 3328, but upside momentum is cautious. The 50-period and 200-period moving averages remain above, keeping the trend bearish. Immediate resistance sits at 3350-3360, while 3320 is the key support for this XAUUSD technical analysis.
If XAUUSD breaks and closes above the 3350-3360 resistance and both moving averages, while RSI crosses 50 and MACD confirms a bullish crossover, a move to 3380-3400 is possible. All three indicators must align for this bullish technical analysis scenario.
In summary, XAUUSD technical analysis favors the bears below resistance and key moving averages, though momentum indicators suggest a pause in selling. Watch 3320 as critical support, and monitor RSI, MA, and MACD closely for the next major gold move.
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※Disclaimer: This content is provided for informational purposes only and does not constitute investment advice. Please be sure to conduct your own research.
XAUUSD technical analysis for June 25. Gold holds above 3320. Read the latest RSI, MA, and MACD scenarios for potential price action.
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