#XAUUSD (Gold) Market Analysis Date: Friday 16 May 2025
Gold is trading around $3217, showing signs of indecision near the key pivot level at $3230.
A clear direction will be confirmed by either a bullish breakout above $3260–$3266 or a rejection leading to further downside.
📈Resistance Zone:$3245 – $3260
A break above this zone signals strong bullish momentum.
📉Bearish Scenario:
(If Price Rejects Pivot)
📉Target 1: $3200
📉Target 2: $3180
📉Target 3: $3155
Final Support Zone: $3135 – $3120 (Major buy interest expected here)
📊Key Levels to Watch:
📈Resistance Zone:
📈$3,245 – Minor resistance
📊$3,260 – Major resistance
📈$3,266 – Break & close above = Bullish confirmation
📊Pivot Point: $3,230 – Market turning point
📉Bearish Targets: (If price holds below pivot)
📉Target 1: $3,200
📉Target 2: $3,180
📉Target 3: $3,155
📉Support Zone:
$3,135 – $3,120 – Strong support and demand area
📉Break below $3,120 = deeper correction potential
Strategy Insight:
Watch closely for price action at the pivot. As long as it stays below $3230, sellers may take control toward lower support levels.
However, if bulls push past $3266, expect a strong upside continuation.
Stay sharp, stay disciplined the GOLD game is on!
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Gold is trading around $3217, showing signs of indecision near the key pivot level at $3230.
A clear direction will be confirmed by either a bullish breakout above $3260–$3266 or a rejection leading to further downside.
📈Resistance Zone:$3245 – $3260
A break above this zone signals strong bullish momentum.
📉Bearish Scenario:
(If Price Rejects Pivot)
📉Target 1: $3200
📉Target 2: $3180
📉Target 3: $3155
Final Support Zone: $3135 – $3120 (Major buy interest expected here)
📊Key Levels to Watch:
📈Resistance Zone:
📈$3,245 – Minor resistance
📊$3,260 – Major resistance
📈$3,266 – Break & close above = Bullish confirmation
📊Pivot Point: $3,230 – Market turning point
📉Bearish Targets: (If price holds below pivot)
📉Target 1: $3,200
📉Target 2: $3,180
📉Target 3: $3,155
📉Support Zone:
$3,135 – $3,120 – Strong support and demand area
📉Break below $3,120 = deeper correction potential
Strategy Insight:
Watch closely for price action at the pivot. As long as it stays below $3230, sellers may take control toward lower support levels.
However, if bulls push past $3266, expect a strong upside continuation.
Stay sharp, stay disciplined the GOLD game is on!
Follow Gold Global Club For More Analysis
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“GOLD Analysis – All Targets HIT!As shared in my 16 May GOLD analysis, price respected the resistance zone and dropped exactly as expected.
Target 1 → 170 Pips Hit
Target 2 → 470 Pips Hit
Target 3 → 720 Pips Hit Over All
This move gave a great opportunity for sellers.
What’s next? Stay tuned for the next setup — I’ll be sharing new levels soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.