XAU/USD Intraday: key resistance at 3395.00
XAUUSD may fall 62.31 – 92.31
XAU/USD Our preference
XAU/USD
3465.00 Strong resistance level for the pressure to sell down
3430.00 Medium Resistance point where it is possible to top the short-term rising movement of the price
3395.00 Pivot. This is the main level of resistance and a pivot point where any break can reverse the market.
These resistance levels can act as obstacles to any potential price rally. Should gold break through 3280.00, the short position preference could become invalidated. As long as it remains below this level, the bearish outlook prevails.
Important Support Levels for XAU/USD
XAU/USD
3395.00 – The first support point where buyers might enter, serving as the first target for short trades.
3430.00 – Further support level for increasing buyer interest.
3465.00 – Important support level, potentially acting as the floor, if the downward trend continues.
Trading Strategy: Short Position Preferred Below 3377.00
A short position would be recommended if XAU/USD stays below 3395.00. Follow the steps for this trading strategy:
3315.00 First target – this primary level might offer a likely trading zone for partial or complete covering of short positions
3285.00 Second and further away target – a likelihood will occur if the thrust at this level continues to push the price lower
Place a stop-loss above 3430.00 to keep risk to a minimum in the event of an upside breakout
This trading strategy allows a trader to grab potential bears running by keeping risk as minimal as possible
XAU/USD Bearish Indicator RS Analysis
The index currently faces a challenge resistance area 3395.00
The Relative Strength Index (RSI), one of the most popular momentum indicators, has crashed below 30. This indicates that the market is oversold today, which aligns with the bearish outlook. Whenever the RSI falls below 30, it often signals weak buying interest and rising selling pressure. However, traders must look out for this situation since an oversold RSI does not rule out a short-term reversal.
Conclusion
For April 23, 2025, the XAU/USD is still under pressure, and a key resistance point today that acts as a pivot for the strategy of the day is 3395.00. Technical indicators prefer short positions below this level with a bearish RSI. Key levels of resistance and support allow traders to exploit market movements and manage risk efficiently.
Whether one is an experienced trader or a first-timer, this XAU/USD trading strategy offers a clear data-driven way for people to move through today’s market. Stay focused on the important levels, use tight stop-losses, and be ready to change in any significant action brought about by price that is going to turn the market.