GOLD (XAUUSD) Analysis – Tuesday, May 20th, 2025
Since breaking out of the bearish channel late last week, gold has lacked momentum.
We've had multiple failed attempts to break and close above 3274.00, making it difficult to maintain a bullish stance.
🔸 Current Range:
Resistance = 3274.00
Support = 3115.00
Structure is unclear on intraday — trapped between two major zones.
🔸 Bullish Bias Resumes If:
Break and close above 3274.00
Target = 3350.00
🔸 Bearish Bias Triggers If:
Break and close below 3115.00
Target = 3046.00
🧠 Plan:
No intraday trades while stuck in this chop.
Wait for confirmation above/below the range to align with higher timeframe movement.
Since breaking out of the bearish channel late last week, gold has lacked momentum.
We've had multiple failed attempts to break and close above 3274.00, making it difficult to maintain a bullish stance.
🔸 Current Range:
Resistance = 3274.00
Support = 3115.00
Structure is unclear on intraday — trapped between two major zones.
🔸 Bullish Bias Resumes If:
Break and close above 3274.00
Target = 3350.00
🔸 Bearish Bias Triggers If:
Break and close below 3115.00
Target = 3046.00
🧠 Plan:
No intraday trades while stuck in this chop.
Wait for confirmation above/below the range to align with higher timeframe movement.
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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.