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US court blocks Trump tax plan, GOLD falls sharplyOANDA:XAUUSD was sold off heavily in early morning trading on Thursday (May 29), with the price of gold falling to around $3,246/ounce, down more than $40 on the day. Bloomberg reported that gold prices fell for the fourth consecutive day as the market digested news that a US trade court had blocked Trump's global tariff program. Gold prices fell 2% in the previous three trading days. On Wednesday local time, a US federal court blocked the tariff policy announced by US President Trump on April 2, "Liberation Day", and ruled that Trump exceeded his authority and imposed comprehensive tariffs on countries that export more to the United States than they import. The Court of International Trade in Manhattan said the US Constitution gives Congress the exclusive power to regulate trade with other countries, and the emergency powers the president declared to protect the US economy do not override those powers. The lawsuit was filed by the Liberty Center for Justice, a non-profit, nonpartisan litigation organization in the United States, on behalf of small American businesses affected by the tariffs. It is the first major legal challenge to Trump’s tariff policies. The U.S. Court of International Trade has ruled that most of Trump’s tariffs are illegal, sending the dollar even higher. A stronger dollar makes gold less attractive to buyers of safe-haven assets. The Trump administration has filed a notice to appeal the ruling. The US Supreme Court is likely to have the final say in the landmark case, which could affect trillions of dollars in global trade. The court's ruling dealt a blow to a pillar of the Republican Party's economic agenda and could reduce gold's appeal as a safe-haven asset. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold will recover soon after falling to the important support level of 3,250 USD, note that you have read in the previous issues. However, falling below the Fibonacci 0.382% level with EMA21 is a negative signal for bullish expectations as this area becomes the nearest resistance. But overall, gold is still in an uptrend with the channel as the main trend. Meanwhile, the Relative Strength Index (RSI) is approaching the nearest support at 50, an upward bend from this level would be considered a positive signal in terms of momentum. As long as gold remains in/above the channel, I remain bullish and the notable positions are listed below. Support: 3,250 – 3,228 USD Resistance: 3,392 – 3,300 – 3,371 USD SELL XAUUSD PRICE 3292 - 3290⚡️ ↠↠ Stop Loss 3296 →Take Profit 1 3284 ↨ →Take Profit 2 3278 BUY XAUUSD PRICE 3203 - 3205⚡️ ↠↠ Stop Loss 3199 →Take Profit 1 3211 ↨ →Take Profit 2 3217
OANDA:XAUUSD
by Xayah_trading
1
XAUUSD: The LH trendline is the difference maker.Gold is neutral on its 1D technical outlook (RSI = 54.327, MACD = 32.010, ADX = 35.582), staying under the high impact LH trendline that has been keeping the medium term trend bearish since the April 22nd High. As long as the price is under it, we are short, aiming for the S1 level (TP = 3,246) and not below it as the 1D MA50 offers long term support. If the price closes a 1D candle over the LH trendline, we will turn long and aim for a +7.39% rise from the bottom (TP = 3,485), which has already taken place twice in the past 30 days. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSD
by InvestingScope
FOMC minutes, GOLD market may see strong volatilityIn the Asian session, spot OANDA:XAUUSD recovered slightly after yesterday's sharp decline. Gold prices are currently holding price action around the 0.382% Fibonacci retracement level, the nearest support point. On this trading day, investors will look at the Federal Reserve meeting minutes, which are expected to cause major volatility in the gold market. On Tuesday, as the Trump administration once again released positive information on trade, the market's risk appetite recovered, reducing demand for safe-haven assets such as gold. On Thursday, the US Federal Open Market Committee (FOMC) will release the minutes of its May monetary policy meeting. At its May 7 monetary policy meeting, the FOMC kept its policy rate unchanged at 4.25%-4.50%, marking the third consecutive time this year. Federal Reserve Chairman Powell continued to maintain his "no rush to cut interest rates" stance. The minutes released this time record the FOMC's detailed views on monetary policy and provide clues to the future direction of interest rate policy. Economists generally believe that with few clear signs of stress in the labor market, Fed officials will be happy to keep rates on hold until changes in trade policy are reflected in the data, and the minutes are expected to reinforce that view. There is a possibility that the tone of the minutes will be more hawkish than expected, which could support the US dollar to some extent, thereby affecting gold prices, but overall it will not create strong pressure. But these are all predictions because I cannot predict what will be in the content of the US FED FOMC minutes, and all the content in the FOMC minutes will be directly reflected in the gold price. Traders need to pay special attention to this event on this trading day. Technical outlook analysis of OANDA:XAUUSD On the daily chart, gold is still struggling to trade above the confluence area as initial support with the emergence of the 21-day moving average (EMA21) with the 0.382% Fibonacci retracement. The technical structure has hardly changed significantly with the trend still tilted to the upside. Holding above the $3,300 base point would be a good sign, on the other hand the $3,371 target would remain as a near-term upside target and a break of the 0.236% Fibonacci retracement on gold would provide the technical conditions for the next upside target around $3,400 in the near-term, followed by $3,435 more than the all-time high of $3,500. The relative strength index RSI is above 50, which is also a good signal in terms of momentum, from the RSI we can see that there is still a lot of room for growth ahead. During the day, the bullish outlook for gold prices will be noticed by the following technical positions. Support: 3,292 – 3,250 USD Resistance: 3,300 – 3,371 USD SELL XAUUSD PRICE 3365 - 3363⚡️ ↠↠ Stop Loss 3369 →Take Profit 1 3357 ↨ →Take Profit 2 3351 BUY XAUUSD PRICE 3263 - 3265⚡️ ↠↠ Stop Loss 3259 →Take Profit 1 3271 ↨ →Take Profit 2 3277
OANDA:XAUUSDLong
by Xayah_trading
1
Gold at a Psychological Level Gold has now risen to 100 times its previously fixed price of $35 per ounce. Is this a psychological milestone signaling a correction ahead, or is there still more upside potential? Under the Gold Reserve Act of 1934, gold was officially priced at $35, a rate maintained until 1971, when President Nixon suspended the dollar’s convertibility into gold, effectively ending the gold standard. This historic move, known as the “Nixon Shock,” allowed gold to trade freely in the market. By December the same year, the market price had already climbed to around $43–44 per ounce. So why has gold risen from $35 to $3,500? Gold is widely recognized as a hedge against inflation—but in reality, it has proven to be more than that. Let’s consider this: If inflation had compounded at the target rate of 2% per year since 1971, gold should be priced at $102 today. But at $3,500, the also implied that the compounded annual growth rate is around 8.9%. So, what explains this outperformance? One key driver is the expansion of the money supply, especially through debt, and more critically, debt financed by money printing. Periods of high inflation are can be preceded by an unjustified increase in the money supply, not backed by corresponding income or production output. In 2018, we saw the beginning of Trump’s Tariff 1.0. Since the anticipation of Trump’s Tariff 2.0, I’ve incorporated a framework I call the QTD Matrix—which stands for Quantitative Easing, Tariffs, and Debt—to track the trajectory of gold prices. As long as we continue to see: • Central banks deploying Quantitative Easing during crises, • Ongoing or escalating Tariff wars, and • Persistent growth in national Debt, It is reasonable to expect gold to remain firm and potentially break into new highs. Historical Observations: • Let’s start with Gold vs QE. Each major wave of QE has triggered a significant rally in gold—from Japan’s QE in 2001, to US QE1, QE2, and QE3 following the 2008 crisis, and the massive Covid-era QE in 2020. • Next Gold vs Tariffs. When Trump’s Tariff 1.0 was announced in August 2018, gold pivoted on that very day and began trending higher. In October 2022, Biden’s export controls on advanced chips acted as a tariff-equivalent event, once again prompting gold to rise. After Trump's re-election in November last year, markets began pricing in Tariff 2.0, and gold responded by trending upward once more. • Finally Gold vs Debt. Gold has also moved in close tandem with the rising US debt over the years. As of now, I believe that QE (Q), Tariffs (T), and Debt (D) will remain in play. Hence, it's reasonable to expect: • The cost of living to remain elevated, • Inflationary pressures to persist, and • Gold prices to continue their long-term uptrend. That said, I’m also noticing technical and psychological resistance in the mid-term after it reached $3,500. This is a quarterly chart, once I have identified its primary uptrend line, I would like to mirror it to its significant peak (going back way back the 1980s, a period of high inflation), which appears to intersect around the psychological level of $3,500. With the trade war currently on pause, gold may temporarily take a breather. But as long as QTD remains intact, it may just be a matter of time before gold tests its recent resistance—and, if broken, continues its upward trajectory. We should also ask: Is there any possibility that the Q, T, or D could shift in the opposite direction? If so, that could be a positive sign for equity markets. Micro Gold Futures & Options Ticker: MGC Minimum fluctuation: 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Trading the Micro: www.cmegroup.com www.cmegroup.com
COMEX:GC1!Short
by konhow
GOLD eases, fundamental support and technical momentumOANDA:XAUUSD fell in early Asian trading on May 30 after Thursday's gains, although it still had room to rise as weak US initial jobless claims data weighed on the US dollar and Trump's tariffs faced more uncertainty. Gold recovered from a weekly low of $3,245 an ounce on Thursday to break above the $3,300 an ounce mark as weak US initial jobless claims data weighed on the US dollar. As of press time, gold had fallen below the full price of $3,300, down $23 on the day and around 0.69% . The number of Americans filing new claims for unemployment benefits rose more than expected last week, adding to pressure on the Federal Reserve to consider cutting interest rates. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits rose last week, exceeding market expectations. The data showed initial jobless claims in the United States rose by 14,000 to 240,000 in the week ended May 24, compared with estimates of 230,000. According to the minutes of the Federal Reserve's May 6-7 meeting, policymakers acknowledged that they could face "difficult trade-offs" in the coming months, as both inflation and unemployment rise, raising the risk of a recession. Since gold does not yield interest, it typically performs well in low-interest-rate environments. Trump Tariff Ruling Overturned A U.S. trade court ruled on Wednesday that the president lacked the authority to impose tariffs, blocking most of Trump's tariffs, but on Thursday a federal appeals court agreed to the Trump administration's request to suspend the court's ruling. The U.S. government's request for an immediate administrative stay was granted, and the rulings and permanent injunctions issued by the U.S. Court of International Trade in these cases will be temporarily suspended until further notice while the court reviews the relevant motion documents, the Court of Appeals for the Federal Circuit said in its ruling. Investors will focus on the US personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation gauge, on Friday. Gold is seen as a hedge against inflation during times of economic uncertainty, and higher-than-expected PCE data would benefit the US dollar and reduce the appeal of gold, leading to a possible decline in prices. The opposite effect would be seen if PCE data were lower than expected, which would increase the likelihood of an early rate cut by the Fed, leading to a depreciation of the dollar and gold benefiting from expectations of a low-interest rate environment. Technical outlook for OANDA:XAUUSD On the daily chart, gold is down but currently the downside momentum has been limited by the initial support area which is the confluence of EMA21 with Fibonacci retracement 0.382%, this support area has been noted by readers in the publications since the beginning of this trading week. Temporarily, gold does not have enough technical conditions to be able to increase in price in the short term, because it is still under pressure from the price channel. However, in terms of the overall and long-term trend, gold still has a main trend of increasing price, a trend noted by the price channel. In terms of momentum, the Relative Strength Index (RSI) is still holding above 50, with the current RSI position at 50 being considered as the nearest support in terms of momentum. A sustained price action above the 3,300ISD price point would be considered a positive signal, while a break above the channel would qualify the bulls for a short-term target of 3,371USD. For the day, the technical outlook for gold is bullish and the key points to watch are listed below. Support: 3,292USD – 3,250USD Resistance: 3,371USD SELL XAUUSD PRICE 3342 - 3340⚡️ ↠↠ Stop Loss 3346 →Take Profit 1 3334 ↨ →Take Profit 2 3328 BUY XAUUSD PRICE 3203 - 3205⚡️ ↠↠ Stop Loss 3199 →Take Profit 1 3211 ↨ →Take Profit 2 3217
OANDA:XAUUSDLong
by Xayah_trading
Gold: Primarily HigherIn our primary scenario, we expect gold to set a new all-time high as part of the ongoing beige wave I. To achieve this, the price should soon generate more upward momentum during the subordinate light green wave 5 and surpass the current all-time high from April 22. Once the wave I cycle has concluded at higher levels, we anticipate the start of a new bearish phase. However, there remains a 40% chance that the precious metal has already completed the beige wave alt.I and is now entering a fresh downward cycle. Under this alternative scenario, the price would break directly below the supports at $3,123 and $2,970. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
COMEX:GC1!
by MarketIntel
2025.05.28 gold analysis This is the daily chart analysis for gold. After an upward move, a broadening descending pattern is forming on the daily chart. For the past four days, price has been supported by the 20-day moving average, with rebounds and pullbacks occurring repeatedly in similar zones. However, with the May 27th candle closing as a bearish candle, it’s wise to approach the market with the possibility of a 20MA retest and potential breakdown in mind. If the 20MA breaks, there's a high probability price will decline to clear the left-hand blue demand zone. At that point, the Ichimoku Cloud support may turn into resistance. Looking at the 2-hour chart, we can see a bounce from the bottom of the Ichimoku Cloud. The key turning point for gold seems to be a break below the cloud. Currently, the important level to watch is around 3286. If the cloud breaks and the low at 3277.8 is breached, the price could fall to the low 3200s or even down to the 3100s. From a bullish perspective, a break above the descending resistance trendline and 3366.5 would be needed to shift the view to bullish. If that trendline is broken, it would signal a breakout from the descending broadening pattern, and a move up to around the 3500 level — where the pattern initially started — could be targeted. Conclusion For now, a bearish approach seems appropriate. A breakdown of the daily 20MA could lead to a sharp drop, and its timing is uncertain. A bullish setup is still premature. It’s better to wait for the descending broadening pattern to be invalidated before considering a long position. The pattern still favors the downside.
COMEX:GC1!Short
by Greedy_allday
Narrow trading range, medium and long term outlook is bullishGeopolitical tensions have pushed gold prices higher, with the medium- to long-term outlook still pointing to upside potential, and a recovery in Chinese demand could provide potential support. OANDA:XAUUSD edged up in early Asian trade on Tuesday. Russia recently launched its largest-ever drone and missile attack on Ukraine, ignoring President Trump’s call to stop the bombing, according to Ukrainian officials. Gold prices fell nearly 1% On Monday, international gold prices were under pressure and fell nearly 1%. Affected by US President Trump's decision to postpone the imposition of a 50% tariff on EU goods, the market's risk-off sentiment has cooled significantly, and the appeal of gold as a traditional safe-haven asset has weakened. The most actively traded June 2025 gold futures closed at $3,342.2/ounce, down $23.6 (-1.45%) on the day, with intraday fluctuations ranging from $3,322.9 to $3,356. Due to the Memorial Day holiday in the United States, COMEX did not announce settlement prices on that day, and the UK and US markets were closed at the same time. Policy changes affect short-term trends, narrow-range trading is likely to bring big changes Trump’s extension of the US-EU trade talks deadline from June 1 to July 9 has directly undermined the market’s safe-haven demand for gold. The holiday-induced liquidity crunch has further exacerbated price volatility. The move is in stark contrast to gold’s performance last Friday, when the OANDA:XAUUSD price recorded its biggest one-day gain in six weeks as Trump threatened to impose tariffs on EU goods and Apple’s iPhones. Geopolitical risks have not disappeared and institutions remain bullish on the outlook Reasons include the ongoing changes in US tariff policy, the continued escalation of the Ukraine geopolitical crisis and fiscal concerns. Data shows that Russia has launched airstrikes on Ukraine for three consecutive nights, including the largest attack since the conflict began in 2022, and the intensity of the war has not abated. With what is available in terms of trade, geopolitical and monetary policy risks, gold still has a lot of upside potential in the coming period. China’s demand is showing signs of recovery, which could be the latest factor The latest trade data showed that mainland China’s gold imports via Hong Kong in April hit their highest level since March last year. The recovery in physical gold purchases in Asia could support lower gold prices, especially amid increasingly volatile investment demand in the West. Technical Outlook Analysis OANDA:XAUUSD Gold traded in a fairly narrow range in the early Asian session today, Tuesday (May 27), with technical conditions still leaning towards the upside, with spot gold currently trading around $3,341/oz. After falling from $3,371, the target price point is the price point of the temporary 0.236% Fibonacci retracement. The bullish momentum of gold prices remains unaffected as the nearest support is the confluence of the (EMA21 with the 0.382% Fibonacci retracement). On the other hand, the Relative Strength Index (RSI) remaining above 50 should be considered a positive signal as the RSI is still quite far from the overbought zone indicating that there is still room for upside ahead. Next, if gold breaks above $3,371 it will be in a position to continue its rally towards the short-term target of $3,400, more so $3,435 and then the all-time high of $3,500. As long as gold remains above the EMA21, it still has a short-term bullish outlook, and the long-term trend continues to be noticed by the price channel. During the day, the gold price's bullish trend will be interested by the following technical positions. Support: 3,300 – 3,292 – 3,250 USD Resistance: 3,371 – 3,400 – 3,435 USD SELL XAUUSD PRICE 3391 - 3389⚡️ ↠↠ Stop Loss 3395 →Take Profit 1 3383 ↨ →Take Profit 2 3377 BUY XAUUSD PRICE 3283 - 3285⚡️ ↠↠ Stop Loss 3279 →Take Profit 1 3291 ↨ →Take Profit 2 3297
OANDA:XAUUSDLong
by Xayah_trading
3
Trading Gold? Know the Difference Between XAU/USD and Futures🔎 Let’s address a question I get very often: “Should I trade spot gold (XAU/USD) or Gold futures?” It might sound like a technical decision, but it’s actually about how you approach the market, your risk profile, and your experience level. So let’s break it down 👇 ________________________________________ 🟡 Two ways to trade the same asset Both spot and futures allow you to speculate on the price of Gold. But they’re two very different beasts when it comes to execution, capital, and strategy. ________________________________________ 1️⃣ Spot gold (XAU/USD) • Traded mostly via Forex brokers or CFD platforms • No expiration — you can hold the position as long as you want • Often used by retail traders for day trading or swing setups • You can open small trades (even 0.01 lots) • Costs include spread, swap fees if you hold overnight • Leverage is usually high — up to 1:100 or more • Margin is required, but typically lower than in futures 💡 Spot is flexible and accessible, but you pay the price through overnight holding costs, wider spreads during volatility, and slippage. On some brokers, especially during high-impact news, your platform might even freeze or delay execution — and that’s a serious risk if you’re not prepared. ________________________________________ 2️⃣ Gold futures (GC) • Traded on major futures exchanges like CME • Contracts have a fixed size (usually 100 oz) • They expire monthly, so you need to manage rollovers • Common among hedge funds and experienced traders • You pay commissions and exchange fees, but no swaps • Margin is required here too — but it's much higher 💡 Futures are structured and professional — but they demand more capital, stricter execution discipline, and higher margin requirements. Just like in spot trading, margin is a collateral deposit, not a cost — but with futures, the bar is set higher. ________________________________________ ⚖️ So, which one is for you? If you're using MetaTrader or any platform offered by a Forex/CFD broker, and you're a scalper, intraday, or swing trader working with flexible position sizes... → You're probably better off with spot gold (XAU/USD). If you're trading big volume, managing diversified portfolios, or involved in hedging large exposure... → You should consider futures — but expect to level up your game, capital requirements, and discipline. ________________________________________ 🧠 Mindset: Don’t confuse accessibility with simplicity. Just because spot Gold is easier to open doesn’t mean it’s always the best choice. Just because futures look “pro-level” doesn’t mean they’re always worth it for a retail trader. Understand your tools. Pick the one that aligns with your structure. That’s how you stay in the game. 🎯 ________________________________________ 📚 Hope this cleared it up. If you want me to cover execution setups for each one, let me know in the comments.
TRADENATION:XAUUSDEducation
by Mihai_Iacob
1
XAUUSD This is the level to look for a break-out.Gold (XAUUSD) has been trading within a Channel Up since the October 30 2024 High, which then transitioned inside it into a Bullish Megaphone. The recent May 15 rebound took place on the 1D MA50 (blue trend-line), which has been the pattern's Support since basically the start of the year (January 08 2025). Today however we see this rebound taking a pause on the Lower Highs trend-line that started on the April 22 High and until it breaks we can't speculate on a bullish price action as it is more likely to test again the 1D MA50, if not break the pattern downwards. If however Gold closes a 1D candle above the Lower Highs trend-line, we will turn bullish again, targeting 3700 (+18.29% from the bottom, similar to the previous Bullish Leg). Notice also that the 1D MACD just completed a Bullish Cross, which favors the buyer's case. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:XAUUSDLong
by TradingShot
1
GOLD rises impressively after mid-May declineUS President Trump once again used tariffs and the market's risk-off sentiment suddenly heated up. OANDA:XAUUSD jumped nearly 2% on Friday and the weekly gain reached nearly 5%. OANDA:XAUUSD has grown impressively after a sharp decline in mid-May, taking advantage of safe-haven flows, the recovery was mainly due to growing investor concerns about the sustainability of US government debt. The market will likely continue to react to headlines surrounding the difficult US fiscal situation, trade relations and geopolitics. On Friday local time, US President Trump said on his social media platform "Real Social" that he proposed to impose a 50% tariff on the European Union from June 1. Trump wrote that the main purpose of the establishment of the European Union was to "take advantage of the United States on trade". In addition, on Friday local time, Trump posted on "Real Social" that he had long told Apple CEO Tim Cook that he expected Apple's iPhones sold in the United States to be produced and manufactured in the United States, not in India or anywhere else. Trump said that otherwise, Apple would have to pay at least a 25% tariff to the United States. Assessing the situation surrounding Trump "Trump has been vocal in the past 24 hours, threatening to impose 50% tariffs on the European Union starting June 1, imposing major sanctions on Apple and taking on Harvard University, all of which have weighed on stocks but boosted gold prices. Recurrent tariff concerns, coupled with low liquidity ahead of the long weekend, could exacerbate volatility." Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold has achieved its initial upside target at $3,371 which is the technical confluence of the 0.236% Fibonacci retracement with the upper edge of the price channel after receiving support from the confluence of the EMA21 with the 0.382% Fibonacci retracement. In the short term, if gold breaks $3,371 it will tend to continue its bullish trend with the next target being $3,400 in the short term, more so than the last $3,435 which is the all-time high of $3,500. As long as gold remains within/above the channel, the overall trend outlook is bullish, and the immediate support is currently around the $3,300 raw price point area with the 0.382% Fibonacci retracement level and EMA21. In case of a sell-off below $3,292, gold could still find short-term support at the $3,250 technical point and the 0.50% Fibonacci retracement level. In terms of momentum, the Relative Strength Index (RSI) is pointing up from around the 50 mark, with the RSI still well above the overbought zone, suggesting room for further upside. Looking ahead, the overall technical outlook for gold is bullish, with key points to watch out for as follows. Support: $3,300 – $3,292 – $3,250 Resistance: $3,371 – $3,400 – $3,435 SELL XAUUSD PRICE 3391 - 3389⚡️ ↠↠ Stop Loss 3395 →Take Profit 1 3383 ↨ →Take Profit 2 3377 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295 →Take Profit 1 3307 ↨ →Take Profit 2 3313
OANDA:XAUUSDLong
by Xayah_trading
GOLD MARKET ANALYSIS AND COMMENTARY - [May 26 - May 30]This week, the price of OANDA:XAUUSD increased from 3,204 USD/oz to 3,365 USD/oz, and closed the week at 3,357 USD/oz. The reason for the increase in gold price this week is due to: 🔹Moody's downgrades US credit rating, causing USD to fall. 🔹Unsuccessful US bond auction raises concerns about economic instability. 🔹President Trump threatens to raise tariffs on European goods, raising concerns about trade war. 🔹Escalating tensions in Ukraine, Middle East, increasing demand for safe haven gold. Gold prices next week may fluctuate in both directions, meaning they will adjust and accumulate to wait for the results of US-China trade negotiations, US economic data, and whether Mr. Trump will decide to impose tariffs on Europe or not? Next week, the US will release many important economic data, including: ➡️Durable Goods Orders (Tuesday), ➡️Minutes of the FED's May Policy Meeting (Wednesday), ➡️PCE Inflation Index (Friday). With the Trump administration's tariff policy, inflationary pressures in the US have been under a lot of pressure. If the core PCE index in April increases more than expected, it may cause the FED to continue to keep interest rates unchanged at its July meeting. In this scenario, the USD may increase again, causing gold prices to be under pressure to adjust next week. However, gold prices next week will hardly decrease sharply if the PCE increases, because gold prices next week are still supported by other factors such as tariffs, geopolitical conflicts, etc. 📌Technically, on the H4 chart, gold prices are starting to break the Downtrend line and tend to move closer to the resistance level of 3432. Meanwhile, support is established around the dynamic resistance level of 3300. The gold price trend next week is likely to lean towards a slight increase scenario provided that the USD does not recover strongly and geopolitical tensions continue. However, investors need to be cautious with corrections due to profit-taking or sudden changes due to macroeconomic information. Gold prices next week may fluctuate in the range of 3300-3450. Notable technical levels are listed below. Support: 3,300 – 3,292 – 3,250USD Resistance: 3,371 – 3,400 – 3,435USD SELL XAUUSD PRICE 3451 - 3449⚡️ ↠↠ Stop Loss 3455 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295
OANDA:XAUUSDLong
by Xayah_trading
Stock Markets, Gold, Silver: Run With The Bulls!In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of May 25 - 31st. The Stock Markets are bullish, so run with valid buy setups when they form. Gold and Silver are relatively strong. With tensions in Gaza and Iran, this is expected. Valid buys should be taken. Crude Oil is a tad bearish due to US inventories, so valid sells are warranted in the short term. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:MES1!
by RT_Money
1
GOLD Regains Above 3'300, since US stocks "Relief Rally" is OverGold prices recently surged above $3,300 per ounce due to a confluence of geopolitical, economic, and monetary factors driving strong safe-haven demand: Heightened geopolitical tensions, particularly the Israel-Hamas conflict and ongoing US-China trade disputes, have increased uncertainty, prompting investors to seek Gold as a secure store of value amid instability. The US dollar's weakness, nearing a three-year low, has further boosted gold's appeal for holders of other currencies, making Gold relatively cheaper and more attractive globally. What is most important also, U.S. stock rally has overed recently its tedious 10-Day winning strike (fortunately which finished not at all the history peaks). That's why investors may be turning back to tried-and-true assets like Gold. Central banks, notably China’s, have been consistently buying gold to diversify reserves away from the US dollar, supporting prices significantly. China increased its Gold reserves for the 17th consecutive month, signaling sustained institutional demand. Additionally, gold-backed exchange-traded funds (ETFs) have seen record inflows, reflecting growing investor interest beyond traditional buyers. Market expectations of Federal Reserve interest rate cuts later in 2025 have also played a key role. Lower interest rates reduce the opportunity cost of holding non-yielding gold, enhancing its investment appeal amid inflation concerns and economic growth uncertainties. This combination of geopolitical risk, a weaker dollar, central bank purchases, and anticipated monetary easing has propelled gold prices to historic highs, with forecasts suggesting further gains toward $3,500 per ounce. -- Best #GODL wishes, @PandorraResearch Team 😎
OANDA:XAUUSD
by PandorraResearch
GOLD ends 3 consecutive days of increase, still positiveOANDA:XAUUSD fell on Thursday (May 22), ending a three-day winning streak and continued to decline slightly in early Asian trading today (May 23), mainly due to a recovery in the US dollar and profit-taking by investors after gold prices hit a two-week high. However, the outlook for gold prices remains positive due to geopolitical conflicts. Sources revealed that Israel is preparing to attack Iran's nuclear facilities if negotiations between Iran and the United States fail. Readers can review these specific news in previous editions or regular short updates. Data released by S&P Global on Thursday showed that the preliminary reading of the U.S. manufacturing Purchasing Managers' Index (PMI) rose to 52.3 in May from 50.2 in April, beating expectations of 50.1. The preliminary U.S. services PMI rose to 52.3 in May, compared to both the previous and expected readings of 50.8. Initial jobless claims in the United States were 227,000 in the week ending May 17, down from 229,000 in the previous week and below expectations of 230,000, suggesting the labor market remains solid. The US House of Representatives passed President Trump's "big and beautiful" tax reform proposal on Thursday. According to the Congressional Budget Office (CBO), the proposal would increase US debt by $3.8 trillion over the next decade to $36.2 trillion. Gold is often seen as a store of value during times of political and financial uncertainty. Technical Outlook Analysis OANDA:XAUUSD Although gold fell yesterday, its current position still has enough conditions to increase towards the target at $3,371, which is the price point of the 0.236% Fibonacci retracement. The nearest support to watch is the confluence of the 0.382% Fibonacci retracement with the 21-day moving average (EMA21), and even if gold falls short-term below this confluence, it can still increase with the following supports at $3,250, followed by the 0.50% Fibonacci retracement. The relative strength index (RSI) remains above 50, which is a positive signal for the bullish momentum. For the day, the technical outlook for gold is tilted to the upside and the points to watch are listed as follows. Support: $3,300 – $3,292 Resistance: $3,371 SELL XAUUSD PRICE 3367 - 3365⚡️ ↠↠ Stop Loss 3371 →Take Profit 1 3359 ↨ →Take Profit 2 3353 BUY XAUUSD PRICE 3274 - 3276⚡️ ↠↠ Stop Loss 3270 →Take Profit 1 3282 ↨ →Take Profit 2 3288
OANDA:XAUUSDLong
by Xayah_trading
1
XAUUSD How VIX points to a Gold Bear Cycle.Gold (XAUUSD) may be on a 5-week correction but on the long-term it remains within a Channel Up since the October 31 2022 Low. That was essentially when its Bear Cycle ended and the new Bull Cycle (Channel Up) started. The previous Bull Cycle stopped 4.5 months after the Volatility Index (VIX) shown in blue, peaked during the March 2020 COVID flash crash. We are now on a similar situation as VIX topped on the week of March 31 2025 during the Trade War and has already started to decline aggressively. In symmetrical terms, we could be around the end of May 2020 on Gold's last short-term pull-back before the final rally to the August 03 2020 Top (where its Bear Cycle started). As a result, according to this correlation, we may see Gold forming a Bull Cycle Top by the end of July (2025) and then start a new +2 year Bear Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
Gold Update: 2 optionsIndeed, the top metal surged well beyond $3,000, as I mentioned in my earlier post (see related post for details). The price reached a new all-time high of $3,510 before pulling back, as expected. So far, the retracement has been rejected at the trendline support around $3,123 (futures). From here, there are two possible scenarios: 1) Blue Labels The price may have already completed wave 4. If so, we could now see a large wave 5 move to the upside. This wave could reach the blue target box, which represents 61.8% to 100% of the distance from wave 1 to wave 3, added to the bottom of wave 4. This target zone lies between $3,700 and $4,100. Keep in mind that gold is a commodity, and commodities often have extended fifth waves — so the higher end of the blue box is still possible. 2) White Labels Typically, fourth waves retrace down to the valleys of previous lower-degree fourth waves. In this case, the market could form another leg down to complete a larger, more complex correction, potentially hitting $2,975 before wave 5 begins. If that happens, the target for wave 5 may be lower, but with a possible extended fifth wave, it could still reach the blue box area.
COMEX:GC1!Long
by aibek
Weak USD and renewed safe-haven demand support GOLD surgeOANDA:XAUUSD surged to a one-week high. A weak US dollar and safe-haven demand amid economic and geopolitical uncertainty boosted gold prices. Gold prices rose and held above $3,300 an ounce as traders grew increasingly concerned about the US tax reform vote and escalating tensions in the Middle East. In addition, Moody's downgrade of the US credit rating and the depreciation of the US dollar also boosted safe-haven demand for gold. CNN reported Tuesday, citing multiple sources, that the latest intelligence suggests Israel is preparing to launch airstrikes on Iranian nuclear facilities, even as negotiations between the Trump administration and Iran over the country's uranium enrichment program continue. Axios, a prominent U.S. news website, reported Wednesday local time that two Israeli sources with knowledge of the negotiations told Axios that Israel is preparing to strike Iran's nuclear facilities quickly if negotiations between the United States and Iran fall apart. Israeli intelligence has shifted in recent days from believing a nuclear deal was imminent to believing that talks could soon collapse, sources said. Gold, considered a safe investment amid economic and geopolitical uncertainty, hit a record high of $3,500.05 an ounce last month. US stocks plunged on Wednesday and US Treasury yields jumped as investors focused on congressional debate over President Trump’s proposed tax reform, raising concerns that the country’s massive debt will continue to rise. Technical Outlook Analysis OANDA:XAUUSD After gold broke the technical confluence of the 21-day moving average (EMA21) with the 0.382% Fibonacci retracement, it has qualified for further upside to the next target expected at $3,371, the price point of the 0.236% Fibonacci retracement. Looking ahead, in the short term, gold has qualified for a new bullish cycle with the nearest support at the raw price point of $3,300 followed by $3,292. A bullish breakout of $3,371 would open the door to a new target at the raw price point of $3,400 in the short term, followed by $3,435. As noted to readers throughout the publications since the beginning of the year, the trend of gold prices is fixed by the rising price channel, corrections can still take place negatively but the trend has not changed. "In fact, I have also encountered many failures when the market fluctuated too much recently, causing me to not believe in the rising price structure at times." Trading is not just about fundamentals or technicals, it depends more on trading psychology. With the current market, experienced traders will still often encounter psychological problems, such as me, who is writing this article to you. Finally, the short-term uptrend of gold prices in the main uptrend will be noted by the following notable levels. Support: 3,300 – 3,292 – 3,250 USD Resistance: 3,371 – 3,435 USD SELL XAUUSD PRICE 3367 - 3365⚡️ ↠↠ Stop Loss 3371 →Take Profit 1 3359 ↨ →Take Profit 2 3353 BUY XAUUSD PRICE 3265 - 3267⚡️ ↠↠ Stop Loss 3261 →Take Profit 1 3273 ↨ →Take Profit 2 3279
OANDA:XAUUSDLong
by Xayah_trading
2
XAUUSD: Channel Down top with Death Cross. Best sell enty.Gold marginally turned bullish on its 1D technical outlook (RSI = 55.472, MACD = 17.780, ADX = 34.620) as the price has been rising since last Thursday. Technically however, it is on the most efficient sell entry as it is just under the LH top of the 1 month Channel Down. The big difference now is that it formed a 4H Death Cross and last time we had one inside a Channel Down was almost 1 year ago (June 3rd 2024) and set in motion one last bearish wave to the 1.382 Fibonacci extension. We are therefore short with TP = 3,050. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
1
Gold Futures Analysis: Trade Plan COMEX:GC1! Gold remains in a strong uptrend on the higher time frames, having recently broken above the $3000 level. This move sets the stage for further upside potential. The chart below highlights a Megaphone chart pattern, signaling volatility and broad price swings. On the 4-hour chart, a pennant pattern is emerging within the uptrend, marked by a downtrend line from the recent highs. Additionally, an inverse head and shoulders pattern has formed, with a decisive breakout higher towards the 2025 CVAH. This level coincides with a high-volume node (HVN) and the edge of the value area distribution for 2025, suggesting it’s a key point of interest. Some consolidation is expected here before we either continue higher or see a rejection that could pull price back toward the uptrend line. Scenario 1: Continuation Higher, Capped by 3400 Level In this scenario, we anticipate further consolidation within the pennant on the 4-hour timeframe. After a brief pause, gold could continue higher, testing the 3400 resistance level. If momentum remains strong, we expect to see price consolidate within the pennant pattern to build energy for the next leg higher. Scenario 2: Rejection at CVAH In this scenario, gold struggles to sustain the move higher after breaking out from the inverse head and shoulders pattern. A failure to maintain the rally above the CVAH could lead to a rejection, followed by a retracement within the pennant structure. This would likely set up further consolidation towards the 3200 level before the next move up, possibly testing the uptrend line for support. Our thoughts: Gold is currently navigating an important juncture, with key levels at 2025 CVAH, 3400 and 3200 in focus. The near-term direction will depend on how price behaves within the pennant, as well as how it reacts to potential resistance or support levels. Traders should stay alert for volatility, as the consolidation phase could resolve in either a continuation of the uptrend or a pullback towards the trendline. Flight to safety, rising yields and geopolitical tensions will play a key role in shaping sentiment and trend in the Gold market.
COMEX:GC1!
by EdgeClear
GOLD spikes on geopolitics, not enough for new bull runIn the early trading session this morning (May 21), the spot OANDA:XAUUSD suddenly skyrocketed in the short term, surpassing the $3,300/ounce mark for the first time since May 9. In addition, the price of WTI crude oil also skyrocketed, at one point increasing by 3%. US media reported that US intelligence agencies had detected that Israel was preparing to attack Iran's nuclear facilities. After the price increase on the previous trading day, the gold price continued to skyrocket to $3,304.18/ounce in the early trading session on Wednesday in Asia. Because gold is considered a safe asset in times of geopolitical and economic uncertainty, new signs of geopolitical instability once again supported the increase in gold prices. CNN reported Tuesday local time that several US officials told CNN that new information obtained by the US shows that Israel is preparing to attack Iran's nuclear facilities even as the Trump administration seeks a diplomatic deal with Tehran. Such an attack would be a clear break with President Donald Trump, U.S. officials said. It could also spark a broader conflict in the Middle East, something the United States has tried to avoid since the 2023 Gaza war ratcheted up tensions. The growing concern stems not only from messages from senior Israeli officials, both public and private, that Israel is considering such a move, but also from intercepted Israeli communications and observations of Israeli military activity that could indicate an Israeli strike is imminent, multiple sources familiar with the intelligence said. Geopolitical factors also played a role in pushing gold higher, as the failure to reach a ceasefire between Russia and Ukraine and rising tensions in the Middle East could prompt investors to hold onto gold. The dollar weakened on Tuesday after Moody's downgraded the United States' top triple-A credit rating. Fed officials were also cautious about the economic outlook, hurt by the downgrade. A weaker US dollar means gold becomes more attractive. Analysis of the technical outlook for OANDA:XAUUSD On the daily chart, gold surged to a technical confluence of key resistance formed by the location of the 0.382% Fibonacci retracement and the 21-day EMA. At this point, gold has not completely broken out of the price action around the $3,300 base point. If gold breaks above and sustains above the $3,300 base point, it will be in a position to continue to rise with a target of around $3,371 in the short term. On the other hand, a sell-off below the 0.382% Fibonacci retracement would open the door for a retest of the $3,250 technical level followed by the 0.50% Fibonacci retracement. Currently, the active position is not yet in line for a new bullish cycle. Therefore, the technical outlook for gold for the day is a retest of $3,250 in the short term, followed by $3,228. The notable positions for intraday downside correction expectations are listed below. Support: $3,250 – $3,228 Resistance: $3,331 – $3,345 SELL XAUUSD PRICE 3356 - 3354⚡️ ↠↠ Stop Loss 3360 →Take Profit 1 3348 ↨ →Take Profit 2 3342 BUY XAUUSD PRICE 3270 - 3272⚡️ ↠↠ Stop Loss 3266 →Take Profit 1 3278 ↨ →Take Profit 2 3284
OANDA:XAUUSDLong
by Xayah_trading