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19.06.2025 03:14 PM
Trading Signals for GOLD (XAU/USD) for June 19-22, 2025: sell below $3,390 (21 SMA - 8/8 Murray)

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Early in the American session, the XAU/USD is trading around 3,370, below the 21 SMA under bearish pressure. We believe a technical rebound could occur in the coming hours if the metal consolidates above the 7/8 Murray level.

If the gold price continues to fall, an acceleration below 3,360 could signal a trend reversal, and we could expect the instrument to reach the 200 EMA located at 3,322 and even reach the 6/8 Murray level at 3,281.

A return above 3,390 could change the gold cycle, and we could expect it to reach 3,437 and even the psychological level of 3,500.

A negative outlook for gold is observed on the H4 chart, so we must be cautious, as any technical rebound will be seen as an opportunity to continue selling.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
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