Gold Spot / U.S. Dollar
Long
Updated

Gold Trade Plan 20/05/2025

253
Dear Traders.
The market is still ranging between 3200–3240, and the Dollar Index is at the bottom of its channel. If the double line is broken, I expect the price to rise toward the 3360 area, provided the descending trendline is also broken. However, if there’s no pullback observed after the breakout, the price could drop to the 3120 zone.

if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."

Regards,
Alireza!
Trade closed: target reached

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.