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
