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XAU/USD Technical Analysis: Can Gold Sustain the Rebound Above $3338?

XAU/USD Technical Analysis: Can Gold Sustain the Rebound Above $3338?

XAU/USD Technical Analysis: Can Gold Sustain Above $3338?

Overview

This XAU/USD technical analysis for May 22, 2025, examines the recent price movement of gold as it climbs above the $3300 mark. Following a steady recovery from mid-May lows, the pair is now testing key resistance levels. With major technical indicators flashing mixed signals, traders are watching closely for a potential continuation.

In this analysis, we evaluate price behavior using the MA50, MA200, RSI, and MACD indicators.

XAU/USD 1-hour chart analysis – May 22, 2025

Source: cTrader platform

XAU/USD Price vs Moving Averages

The 50-day moving average (MA50), shown in yellow, is trending upward near $3220, acting as support. The 200-day moving average (MA200), shown in red, sits around $3280. XAU/USD is trading above both, which is often interpreted as a bullish signal. Holding this zone may suggest continued upward momentum in gold prices.

MACD and Momentum Outlook

The MACD is close to a bullish crossover, with the MACD line nearing the signal line. Although the crossover is not confirmed, momentum is shifting. A successful cross could confirm bullish strength in this XAU/USD technical analysis.

RSI Conditions in Focus

The RSI is hovering around the neutral 50 mark, offering room for further upward movement. A push above 60 could trigger increased bullish activity, supporting the continuation scenario outlined in this gold technical analysis.

Key Support and Resistance Zones

Level Price Commentary
Immediate Resistance $3338 Recent swing high
Next Resistance $3400–$3450 Psychological barrier
Near-term Support $3280 200-day MA level
Major Support $3220 50-day MA support

Conclusion

Today’s XAU/USD technical analysis suggests gold is at a pivotal juncture. If it maintains above $3338 and confirms a MACD crossover, buyers may push prices toward $3400 and higher. However, failure to hold above the 200-day MA could signal weakness.

Monitoring RSI and MACD is essential for traders assessing short-term direction. Stay tuned for the latest updates right here on the 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.

XAU/USD technical analysis shows gold recovering above $3300. Review MA50, MA200, RSI, and MACD to assess gold’s next move.

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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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