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Gold Price Outlook: XAU/USD Likely to Retest $3,325 Before Rebound to 3,430

Gold (XAU/USD) is currently trading around $3,358, showing signs of short-term bearish momentum while holding above key long-term support zones.

Technical Snapshot (1-Hour Timeframe)

  • Price: $3,358

  • EMA50: Price is trading below the 50-period Exponential Moving Average, signaling short-term bearish bias.

  • RSI (Relative Strength Index): Still hovering in the positive zone, indicating underlying strength.

  • MACD (Moving Average Convergence Divergence): A bearish crossover has appeared, hinting at potential downward movement ahead.

Short-Term Outlook

Despite the positive RSI, the pressure from the MACD and EMA50 alignment suggests that Gold could retest the $3,325 zone in the upcoming sessions. 

This level has acted as a psychological and technical support in recent price action.

🔸 Our expected range for the pullback is between $3,325 and $3,430, where we anticipate strong buyer interest before a possible reversal.

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