Gold Sells Off Continuously - Will $3,300 Limit Losses? (Read)GoldOANDA:XAUUSDLygridTradingHello dear traders! Gold prices continued to decline against the US Dollar (USD) on Friday, falling below the previous psychological support, which is now a resistance level, at 3,350 USD. The main reason is that the US Dollar gained some positive momentum as the market leaned toward the Fed keeping its policy unchanged in July after the May report, causing XAU/USD to drop lower by the weekend. From a technical perspective, as analyzed, Gold broke below the psychological support of 3,350 USD on Friday, with prices approaching the 3,300 USD support level at the time of writing. With the RSI falling to the 30 level, it suggests that the sellers may be losing momentum and global economic stress might limit losses. Regarding the upcoming outlook for XAUUSD: As long as the price holds above the 3,300 USD support level, I maintain a bias toward the buying side. However, if the price clearly breaks below this zone, the bullish outlook may be invalidated, and the short-term trend could shift to neutral or bearish. This is a sensitive area where upcoming price action will provide clearer signals about the market’s next direction. This is just my view on support and resistance zones, not financial advice. Always confirm your setups and trade with proper risk management.