🟡 GOLD (XAUUSD) Analysis Update – May 13, 2025
Initial setup published on May 8:
Main bias: Bearish from the resistance level at 3421
Targets:
🎯 1st target: 3288
🎯 2nd target: 3250
🎯 3rd target: 3124
🔍 Current Situation:
Price is bouncing off last week's weekly low (red line at 3241).
A technical rebound up to the 3285 area is possible, which could act as a retest before a continuation to the downside.
The downtrend that started on May 7 is still in play, but a daily close below 3241 is needed to confirm continuation towards 3124.
📌 Key Levels to Monitor:
Main resistance: 3421
Intermediate zones: 3288 / 3250
Critical support levels:
3241 (weekly low – confirmation for further downside if broken)
3124 (extended target if breakdown occurs)
🧭 Possible Strategies:
Aggressive short entry on rejection around 3285, with a stop above 3295–3300
More conservative short if there's a confirmed break and close below 3241
Initial setup published on May 8:
Main bias: Bearish from the resistance level at 3421
Targets:
🎯 1st target: 3288
🎯 2nd target: 3250
🎯 3rd target: 3124
🔍 Current Situation:
Price is bouncing off last week's weekly low (red line at 3241).
A technical rebound up to the 3285 area is possible, which could act as a retest before a continuation to the downside.
The downtrend that started on May 7 is still in play, but a daily close below 3241 is needed to confirm continuation towards 3124.
📌 Key Levels to Monitor:
Main resistance: 3421
Intermediate zones: 3288 / 3250
Critical support levels:
3241 (weekly low – confirmation for further downside if broken)
3124 (extended target if breakdown occurs)
🧭 Possible Strategies:
Aggressive short entry on rejection around 3285, with a stop above 3295–3300
More conservative short if there's a confirmed break and close below 3241
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.
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.