XAU/USD outlook: Gold hits one-month high on probe through strong $3.400 resistance zone

Slobodan Drvenica Windsor Brokers

XAU/USD

Gold cracked $3400 barrier in fresh acceleration that pushed the price to the highest in almost one month, dragged by today’s strong rise in silver price

Probe through significant barriers at $3400 zone (former recovery top / psychological / Fibo 76.4% of $3500/$3120 correction) is about to generate fresh bullish signal, which requires close above these barriers to be confirmed.

Technical picture remains bullish on daily chart, although overbought conditions are likely to provide more headwinds to fresh bulls.

Dips from new high ($3403) were so far shallow, with supports at $3384/80 zone (yesterday’s high / hourly lower platform / rising 10HMA) to hold dips and keep immediate bulls intact.

Sustained break of $3400 zone to signal continuation of recovery leg from $3120 towards $3437 (May 7 lower top) and key $3500 barrier in extension.

Pivotal supports lay at $3361/55 (Wednesday’s low / broken Fibo 61.8%) loss of which would weaken near-term structure and signal a false break higher.

Res: 3403; 3410; 3437; 3450.
Sup: 3380; 3365; 3355; 3343.

Interested in XAU/USD technicals? Check out the key levels

1. R3 3431.19
2. R2 3407.98
3. R1 3390.34
PP 3367.12
1. S1 3349.48
2. S2 3326.27
3. S3 3308.63

Author

Slobodan Drvenica

Windsor Brokers

Industry veteran with over 22 years’ experience, Slobodan Drvenica joined Windsor Brokers in 1995 when he was an active trader for more than 10 years, managing the trading desk and own account departments.

EUR/USD risks a deeper drop below 1.1750

EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.