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XAU USD Technical Analysis: Gold Price at a Crossroads

XAU USD Technical Analysis: Gold Price at a Crossroads

Initial Look at Today's XAU/USD Technical Analysis

This article provides a detailed XAU/USD technical analysis for Friday, June 6, 2025, as gold's price action enters a critical phase. Following a sharp downturn, the metal is consolidating, and by examining key chart patterns, we can identify crucial levels and forecast potential movements for traders.

XAU/USD technical analysis chart for June 6, 2025, showing price consolidation and key indicators like RSI and MACD.

Source: cTrader platform

Price Action in the XAU/USD Analysis

The chart reveals a significant sell-off from highs above the 3400 mark. The current price is hovering near a key pivot point. An important part of this XAU/USD technical analysis is noting the immediate resistance at the 3365-3370 zone, which aligns with the MA50. On the downside, the MA200 provides a formidable support level to watch.

Indicator Level Remark
Resistance 1 ~3370 (MA50) Immediate dynamic resistance
Resistance 2 ~3400 Previous high, psychological level
Support 1 ~3335 (MA200) Major long-term trend support
Support 2 ~3310 Previous low area

Moving Average Signals in This Technical Analysis

A core component of our technical analysis is the moving averages. The price is trading below the MA50 (yellow line), a short-term bearish signal that is currently acting as dynamic resistance. However, since the price remains above the long-term MA200 (red line), the broader bullish trend is still considered intact.

Oscillator Insights for the XAU/USD Forecast

The oscillator indicators provide further depth to our outlook. The MACD is below its signal line, confirming bearish momentum, though shrinking histogram bars suggest it might be weakening. The RSI is below 50, indicating sellers have an edge, but it has not reached oversold territory, leaving room for more potential downside.

Concluding Our XAU/USD Technical Analysis

In conclusion, the short-term outlook for Gold (XAU/USD) is cautiously bearish while below the MA50. The key battle is between this immediate resistance and the major MA200 support. A break above 3370 could signal a bullish reversal, while a drop below 3335 would strengthen the bearish case, making these levels critical to watch.

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.

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Today's XAU/USD technical analysis. See what key indicators like MA, RSI, & MACD suggest for gold's price as it tests critical levels.

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David Wilson
Author

David Wilson has extensive experience in currency and commodities trading. He began his career in metal sales and trading at Societe Generale in London. He went on to work as a senior analyst within the FX industry where he developed and refined his own trading and risk management strategies. Having a solid understanding of market dynamics, he founded his own research and asset management services and works with FIXIO to provide timely market commentary on the global financial markets.

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