XAUUSD TECHNICAL OUTLOOK 29-05-2025📣Gold Under Pressure XAUUSD CMP $3316.81
✅XAUUSD movement 29-05-2025: $3289-$3245-$3321 =$120 Movement Witnessed.
🔴Gold remains under pressure after a sharp turn from morning crash, which has triggered fresh volatility across commodities in USA session.
⏳ Despite safe-haven appeal, XAUUSD faces bullish momentum after a correction, driven by renewed appetite for risk assets and shifting market flows.
📉 Technical Outlook (1H):
• Bearish below $3305
• Next downside targets: $3280 → $3265 → $3250
• A break below $3255 could accelerate the decline toward $3240-$3220
🔁 Bullish Shift Trigger:
• A confirmed 1H close above $3319 may invalidate the bearish bias and target $3340+
📊 Key Levels:
• Pivot: $3305
• Support: $3280 – $3265 – $3250
• Resistance: $3327 – $3339 – $3351
Paidsignal
NIFTY50 is looking Bearish.
🤑 Nifty is likely to be Bearish till it's below 18165.
❓ Reason: Because Trailing SL is above the Nifty in ATM Machine Indicator on Hourly Chart.
🚧 Dowside Hurdles: 17070, 16970, 16805.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🔴 Positional Trend is Negative.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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