📊 Market Overview:
Gold (XAU/USD) is trading around $3,320/oz on May 28, 2025, after failing to break above a key resistance zone. The US dollar’s recovery and rising Treasury yields are putting short-term pressure on gold, despite lingering geopolitical tensions.
📉 Technical Analysis:
• Key Resistance: $3,330 – $3,360
• Nearest Support: $3,280 – $3,235
• EMA 09: Price is currently above the EMA 09, indicating that the upward trend remains intact.
• RSI Indicator: RSI stays above the 50 level, suggesting momentum is still bullish.
• Candlestick Pattern: A doji near the $3,330 zone signals market indecision.
📌 Outlook:
Gold may see a mild correction if the USD continues to strengthen. However, holding above $3,280 would keep the bullish momentum alive.
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD at: $3,330
🎯 TP: $3,310 (200 pips)
❌ SL: $3,340
🔺 BUY XAU/USD at: $3,285
🎯 TP: $3,305 (200 pips)
❌ SL: $3,275
Gold (XAU/USD) is trading around $3,320/oz on May 28, 2025, after failing to break above a key resistance zone. The US dollar’s recovery and rising Treasury yields are putting short-term pressure on gold, despite lingering geopolitical tensions.
📉 Technical Analysis:
• Key Resistance: $3,330 – $3,360
• Nearest Support: $3,280 – $3,235
• EMA 09: Price is currently above the EMA 09, indicating that the upward trend remains intact.
• RSI Indicator: RSI stays above the 50 level, suggesting momentum is still bullish.
• Candlestick Pattern: A doji near the $3,330 zone signals market indecision.
📌 Outlook:
Gold may see a mild correction if the USD continues to strengthen. However, holding above $3,280 would keep the bullish momentum alive.
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD at: $3,330
🎯 TP: $3,310 (200 pips)
❌ SL: $3,340
🔺 BUY XAU/USD at: $3,285
🎯 TP: $3,305 (200 pips)
❌ SL: $3,275
Related publications
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.
Related publications
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.