XAU/USD Outlook: Will Gold Break 3307 or Slide Toward 3265?

320
XAU/USD – Gold Outlook
Updated April 16, 2025 | TF: 1H

Gold continues to hover near its highs but has entered a consolidation phase around the 3307 level. Depending on how price reacts at key zones, the structure shows potential for both a bullish breakout and a bearish pullback.

Current Price: 3298
Technical Bias:
🔻 Bearish below 3307
If price fails to hold above 3307, and closes below that level on 1H or 15min candles, we may see further downside toward:
• 3265, then
• 3237, and possibly 3218.

🔺 Bullish above 3307
A clean break and close above 3307 could initiate bullish momentum toward:
• 3326,
• and extended target at 3340+.

Key Levels:
Resistance: 3307 / 3326 / 3340
Support: 3265 / 3237 / 3218

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