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XAU/USD Market Outlook – Key Levels & Scenarios (May 2025)📊 Market Overview Asset: XAU/USD (Gold vs. USD) – likely Timeframe: 🕒 4H or Daily EMAs: 🔴 50 EMA = 3,281 (short-term trend) 🔵 200 EMA = 3,179 (long-term trend) 🧱 Key Zones 🔺 Main Resistance Zone (🚫 Supply Area) 📍 ~3,320–3,400 🔍 Observation: Strong rejection zone with multiple failed attempts. 🚧 Price struggles to break and hold above here. ⚖️ Mid Support & Resistance Zone 📍 ~3,200–3,250 🧭 Current Action: Price is consolidating here. This is a key decision zone. A bounce or breakdown will likely decide the next big move. 🤔 🟦 Main Support Zone 📍 ~2,980–3,030 🛑 Observation: Major demand zone. If price falls here, it might attract buyers 👥 for a potential rebound. 📉 EMA Analysis 🔴 50 EMA is above 🔵 200 EMA → Trend still technically bullish ✅ 🟡 BUT: Price is currently below 50 EMA, showing short-term weakness ⚠️ ⚡️ 200 EMA is nearby (~3,179): Acting as dynamic support — a critical bounce zone! 🛡️ 🔮 Scenarios 🐂 Bullish Path ✅ If price bounces from 3,200 support zone and reclaims 🔴 50 EMA: 🎯 Target: Retest of 3,320–3,400 🔺 zone 📈 Confirmation: Strong candle closing above 3,281 🔴 EMA 🐻 Bearish Path 🚨 If price breaks below 3,200 & 200 EMA: 🕳️ Expect drop towards 2,980–3,030 🟦 zone 📉 Confirmation: Candle closes below 3,179 with weak retest ✅ Conclusion 📍 Key Level to Watch: 3,200 ⚖️ Market Sentiment: Neutral → Bearish bias unless price reclaims 50 EMA 🔒 Risk Tip: Avoid longs until price confirms bullish structure again 🔐
OANDA:XAUUSD
by MrStellanSight
8
Gold (XAU/USD) Analysis – Technical + Fundamental OutlookTechnical Outlook Gold is currently trading inside a descending channel and has reached the midline, which is acting as dynamic resistance. 📍 Key Levels: Resistance: 3310 – 3320 (aligned with the midline of the channel) – price has not yet confirmed a breakout above this zone Next Bullish Targets: 3350 – 3358 / 3385 – 3390 Support Zone: 3270 – 3280 (potential bullish re-entry area) 🟣 All key price levels are marked on the chart with light purple lines for clarity. 🟠 RSI is near 65, showing bullish momentum but approaching overbought territory, signaling a possible short-term pullback. 🔁 Likely scenario: A minor correction toward 3270–3280 followed by continuation toward 3350+ if support holds. Fundamental Context The ISM Services PMI came in stronger than expected (51.6 vs. 50.2 forecast), reflecting economic resilience in the U.S. This typically supports the USD and weighs on gold, but: Rising tariff threats from Trump raise recession concerns. Services Prices Index rose to 65.1, signaling growing inflation pressures. These inflation concerns may impact the Fed’s upcoming rate decisions. Central bank demand and geopolitical risks continue to support gold medium-term. Summary Despite being inside a descending channel, gold is showing short-term bullish strength. A confirmed break above 3320 could open the way toward 3350+. Otherwise, a pullback to the 3270–3280 area may offer the next setup.
OANDA:XAUUSDLong
by uPaSKaL
Israel-Houthi conflict could put gold back on the bull run🗞News side: 1. The Israeli president said that they are on the eve of a "large-scale attack on the Gaza Strip" 2. The Houthi armed forces stated that all Israeli airports are their targets 3. The situation of the Russian-Ukrainian war and the follow-up events of the India-Pakistan conflict 📈Technical aspects: From a technical point of view, the current 1H moving average of gold is spreading upward, resulting in a small retracement. The short orders we hold are also closed in time at 3310 to lock in profits. After gold broke through the previous range, the upward channel opened. The 4H MACD diverged from the bottom, the golden cross and the green column enlarged, opening upward, and the overall 4H trend was bullish. Moreover, the support effect of the middle rail of the Bollinger Bands is obvious, and the gold price is accumulating strength below the upper rail of the Bollinger Bands, with strong upward momentum. Pay attention to 3310. After the support stabilizes, you can consider participating in long positions near 3310-3320, focusing on the 3290 line below; focus on 3375 above, and then consider participating in short sales near 3355-3365 after the pressure is under. If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
Gold Price ActionHello, Currently, price is in a Compression Phase after a strong Resistance Breakout (RBO). This tight consolidation is creating liquidity on both sides—setting up for a potential breakout. What to Watch: Compression Phase = Liquidity Building Price is moving within a narrow range, trapping traders and stacking orders above and below. We're waiting for a clean breakout of this range. After the breakout, price is likely to retrace back toward the base (marked zone) before making a strong move toward the Buy Side Liquidity (BSL). 🎯 Trade Plan: Wait for the compression to break. A return to the base zone could offer an entry, with BSL as the target (TP). ⚠️ Stay patient and avoid early entries—let the breakout confirm the move. ✅ Patience is key—wait for confirmation and manage risk smartly.
PEPPERSTONE:XAUUSDLong
by SuvashishFx
1
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our Bullish target at 3260 hit, followed with ema5 cross and lock opening 3308. This was hit perfectly also completing this target. We are now seeing ema5 lock above 3308 opening 3340. Any rejections on this zone will see price testing the lower Goldturns for suport and bonce inline with our plans to buy dips within the overall structure. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3260 - DONE EMA5 CROSS AND LOCK ABOVE 3260 WILL OPEN THE FOLLOWING BULLISH TARGETS 3308 - DONE EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET 3340 EMA5 CROSS AND LOCK ABOVE 3340 WILL OPEN THE FOLLOWING BULLISH TARGET 3382 EMA5 CROSS AND LOCK ABOVE 3382 WILL OPEN THE FOLLOWING BULLISH TARGETS 3428 EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGETS 3478 BEARISH TARGETS 3217 EMA5 CROSS AND LOCK BELOW 3217 WILL OPEN THE BEARISH TARGETS 3174 EMA5 CROSS AND LOCK BELOW 3174 WILL OPEN THE SWING RNGE 3126 3078 EMA5 CROSS AND LOCK BELOW 3078 WILL OPEN THE SECONDARY SWING RANGE SECONDARY SWING RANGE 3034 - 2979 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
Hanzo | Gold 15 min 3315 – Next is bearish Move🆚 Gold – Hanzo’s Strike Setup 🔥 Timeframe: 15-Minute (15M) —————— 💯 Main Focus: Bearish Reversal at 3317 We are watching this zone closely. Expecting Reversal ——— Analysis 👌 Market Signs (15M TF): • Liquidity Grab + CHoCH at 3265 • Liquidity Grab + CHoCH at 3318 • Strong Rejections seen at: ➗ 3270 – Major support / Key level ➗ 3325 – Proven resistance 🩸 Key Zones to Watch: • 3272 – 🔥 Bullish breakout level X 7 Swing Retest • 3325 – Strong resistance (tested 5 times) • 3270 – Equal lows • 3328 – Equal highs
TVC:GOLDShort
by Path_Of_Hanzo
GOLD H1 / 3285 USD & 3155 USD key BUY/SELL Levels🏆 Gold Market Mid-Term Update 📊 Technical Outlook Update 🏆 Market Overview ▪️correction in progress ▪️3285 USD overhead resistance ▪️Multiple waves of selling in progress ▪️Rejection at 3500 USD key S/R ▪️3155 USD logical next target short-term ▪️flagging on lower timeframe ▪️waves of profit taking pulling prices down ▪️3285 USD a good level to SHORT ▪️3145/3155 USD will be targeted by BEARS ▪️BULLS wait to BUY/HOLD low later ▪️Once the pullback/correction is over 📊 Gold Market Summary – May 5, 2025 🟡 Current Price: $3,266.20 (+0.82%) 📉 Weekly Close: $3,247.40 (flat for the week after sharp swings) 🇺🇸 US Jobs Data: 177K jobs added in April, earnings growth slowed to 0.2%. Market now watching Fed for rate cut signals. 🏦Fed Outlook: Mixed data fuels speculation on policy shift. Analysts see gold’s pullback as a new buying opportunity. 🌏Asian Demand: China and India remain key forces in price direction, alternating as major buyers. 📦Tariff Watch: Ongoing U.S.-China trade tension continues to weigh on risk sentiment, keeping gold in play. 🛑Geopolitics: No major updates on Iran-U.S. talks, India-Pakistan, or Russia-Ukraine ceasefire yet. These remain key risk triggers. 📈 Market Sentiment: Despite volatility, investor outlook stays bullish. Analysts eye mid-term targets above $4,000 if conditions align.
FX:XAUUSDShort
by ProjectSyndicate
28
XAU/USD - Channel Breakout (05.05.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 3321 2nd Resistance – 3357 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
FX:XAUUSDLong
by KABHI_TA_TRADING
56
SPY/QQQ Plan Your Trade For 5-5-25 : GAP Reversal PatternToday's pattern suggests the SPY will open with a GAP range from yesterday's candle Body and attempt to reverse the trend we saw last week. I believe this move will resolve to the downside, as I've been warning of the May 2-5 Major Bottom for many weeks. I believe the extended uptrend over the last few weeks was pure speculation related to Q1 US earnings. It is hard to argue that traders playing into the Q1 earnings boost didn't play the right side of the trend after watching the markets rally over the past 2+ weeks. But, I still believe the markets will consolidate and attempt to move downward over the next 10- 20+ days. The one thing that we have to understand is Q1 was almost on auto-pilot from Biden's economy/spending until Trump threw a curveball at the global markets with tariffs. I don't believe the US & global markets have truly priced in a global -25% to -45% economic contraction because of the ongoing tariff negotiations. It has been reported that shipping rates are down 60% in China. I believe we still need another 30-60+ days to work out the tariff issues and to allow the markets to settle into proper expectations for future economic output/growth. Because of this, I continue to urge traders to stay cautious. Sitting on CASH right now (only trading 20% of your total capital) is probably the smartest thing you can do at the moment. I still expect the July and October 2025 lows to be the base/bottom of the markets, leading to a stronger upward price trend. Right now, I've very cautious we've just seen a "dead-cat bounce" off recent lows because of Q1 earnings expectations. Now that we've passed most of the Q1 data - we are staring at Q2 & Q3. What comes next. I believe Gold/Silver will continue to price in extreme risk factors - resulting in a strong rally through May and into June. I believe Bitcoin will stall and move back down to the lower consolidation range. Let's see how things play out this week. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYShort
by BradMatheny
7
XAUUSD - Gold Trend Before FOMC!Gold is trading above its EMA200 and EMA50 on the 4-hour timeframe and is trading on its uptrend line. A continued upward move in gold will put it in the supply zone, where it is possible to look for short positions. A downward correction in gold will also open up long positions. Gold traders endured another turbulent week, marked by the second consecutive decline in prices—once again underscoring the market’s acute sensitivity to economic news and developments. Adrian Day, CEO of Adrian Day Asset Management, offered a cautiously humorous take on the situation by likening it to the Peggy Lee song that asks, “Is that all there is?” He pointed out that gold has pulled back by over 7% from its recent high in less than two weeks.Although this correction is notable, it hasn’t been deep enough to flush out all short-term traders or weak-handed investors from the market. Day added that rising fears of a U.S. recession—which typically exert early downward pressure on gold—alongside the possibility of easing U.S.-China trade tensions, may limit investment demand for gold in the short term. Concluding his comments, he maintained a cautious stance, saying that further downside remains likely and that his outlook for the coming week is bearish. Meanwhile, U.S. President Donald Trump, in a new interview with NBC, addressed several key economic and political issues. He stated that if necessary, the deadline for selling TikTok would be extended, and some tariffs on Chinese goods might become permanent. Nevertheless, he indicated that he is also considering reducing certain tariffs in the future. Trump emphasized that small businesses do not require additional assistance and that the Federal Reserve should cut interest rates. He confirmed that Jerome Powell will remain Fed Chair through the end of his term in 2026. He also mentioned potential successors for his own position, naming Vance and Rubio as possibilities. After a week dominated by employment data, the upcoming week will be entirely focused on monetary policy. The centerpiece will be the May FOMC meeting, the Fed’s rate decision, and Jerome Powell’s press conference on Wednesday. While markets broadly expect the Fed to hold rates steady, Powell’s official remarks and answers to press questions—especially following his sharp tone earlier in April—will be under close scrutiny. It is widely expected that the Federal Reserve will leave its key interest rate unchanged on Wednesday, as policymakers assess how President Trump’s tariffs gradually impact various sectors of the economy. Markets are currently pricing in a potential rate cut starting in July. The Fed’s dual mandate is to maintain low inflation and high employment, and it may face a dilemma if tariffs negatively affect both indicators, as many economists now warn. Immediately following the Fed meeting, senior policymakers including Barr, Kugler, Waller, and Cook will travel to Iceland to attend the Reykjavik Economic Conference. On Friday, they will participate in panels discussing artificial intelligence, labor market trends, and monetary research—topics that could offer insights into the Fed’s long-term policy direction. Simultaneously, traders are also awaiting two key reports: the ISM Services Index for May, due today, and weekly jobless claims figures set for release on Thursday. Together, these reports will help complete the picture of the U.S. economy as critical monetary policy decisions approach.
FOREXCOM:XAUUSD
by Ali_PSND
XAUUSD: 5/5 Today’s Market Analysis and StrategyGold technical analysis 4-hour chart resistance level 3350, support level 3260 1-hour chart resistance level 3350, support level 3274 30-minute chart resistance level 3320, support level 3290 At the 4-hour level, gold lows continue to move up, highs continue to refresh, MACD technical indicators have formed a golden cross upward, adding momentum to the bulls. ​The previous high of 3272 will turn into support after breaking through. If the retracement is large, buy again after stabilizing in the 3270-3280 range. Short-term resistance is at the previous high of 3320. After breaking through, the upward trend will continue. The bullish targets are 3330 and 3350 respectively. If it is blocked near 3350, you can consider selling
TVC:GOLDLong
by ActuaryJ
Gold price suddenly accelerates, approaching the 3,300 USD/ounceAfter two consecutive weeks of decline, the world gold price is showing strong signs of recovery when it skyrocketed to 3,266 USD/ounce - an increase of 25 USD in just one session. Although still quite far from the peak of 3,500 USD/ounce, the increase this morning shows that investor sentiment has begun to change direction. The increase occurred at the beginning of the session despite previous negative forecasts, reflecting the sensitivity of gold to geopolitical and economic information such as US-China trade negotiations or the strength of the USD. The daily chart shows that gold has bounced strongly from the EMA34 support zone and returned to the resistance zone around 3,320–3,340 USD, opening up an opportunity to retest the 3,400 USD mark if the current increase is maintained.
OANDA:XAUUSD
by vandogeve
How to plan when gold’s rise encounters resistance🗞News side: 1. Pay attention to the recent trade situation and news about the Fed's interest rate cuts 2. Be wary of DXY trends 3. The situation of the Russian-Ukrainian war and the follow-up events of the India-Pakistan conflict 4.Trump imposes 100% tariff on non-US films 📈Technical aspects: Compared with today's market, the morning rise happened to be a sideways price, breaking through the previous high point. In a volatile rise, it doesn't matter. It is very likely that in the later trend, the price will return to the starting point or even lower, but it can continue to rise. This is a feature of the shock. At the same time, the current market is not extremely strong, and it is still in a volatile rise. Therefore, do not chase long, but retrace as much support as possible. 🎁SELL 3315-3325 🎁TP 3280-3270 🎁BUY 3270-3280 🎁TP 3300-3310 If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell
XAU/USD: NFP has come,What's Next? (READ THE CAPTION)By analyzing the gold chart on the 1-hour timeframe, we can see that after yesterday’s analysis, the price successfully rallied from $3231 to $3268. Once it reached that zone, selling pressure kicked in, and gold has since corrected down to $3239. If gold stabilizes below $3257, we may expect further downside. The potential bearish targets are $3237 and $3221. Keep a close eye on the $3209–$3220 zone, as price reaction there could be significant. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FX_IDC:XAUUSDShort
by ArmanShabanTrading
23
BTCUSDT - Potential Long Setup Developing from FVG and Fib levelOverview: Bitcoin (BTCUSDT) on the 1H timeframe is currently exhibiting a controlled retracement following a local top. This structure presents a potential opportunity for a long setup based on confluence between an FVG (Fair Value Gap) and key Fibonacci retracement levels. The chart highlights a likely scenario where price may continue to correct lower into a defined area of interest before resuming bullish momentum. Market Context: After a strong impulsive move upward, BTC appears to be in a corrective phase. The recent price action has formed a series of lower highs and lower lows, which is characteristic of a short-term downtrend within a broader uptrend context. This kind of pullback behavior is often necessary for healthy continuation to the upside and can offer high-probability entries for trend continuation traders. Fair Value Gap (FVG): A notable fair value gap has been identified in the 94,250–94,700 zone. This zone represents an inefficiency in the market where price rapidly moved without significant opposition, leaving behind a gap between wicks of adjacent candles. Price often returns to such areas to rebalance order flow before making its next decisive move. Fibonacci Confluence: The chart includes key Fibonacci retracement levels drawn from the recent swing low to swing high. * The 0.618 Fibonacci retracement level lies just above the FVG, providing strong technical confluence. * The 0.65 level is marked as the ideal entry zone and sits within the FVG, further validating it as a high-probability support region. * The 0.786 level is also marked, and although deeper, it represents the final line of defense for this bullish scenario. Anticipated Price Action: A bullish projection is illustrated on the chart where price is expected to: 1. Continue declining toward the 0.65–0.618 Fibonacci confluence zone. 2. Wick into the FVG and reject from that level. 3. Form a short-term higher low structure and push back to reclaim prior structure highs. 4. Confirm bullish structure continuation with an impulsive breakout from the descending channel. Market Structure and Liquidity Outlook: The broader structure remains bullish on higher timeframes. The retracement into the FVG would serve the dual purpose of: * Grabbing liquidity below recent lows. * Mitigating unfilled buy-side inefficiency. Such a development would suggest that institutional participants are filling long orders in the discounted price region, setting the stage for a potential continuation of the broader bullish trend. Key Technical Zones: * FVG Zone: 94,250 – 94,700 * Fibonacci Confluence: 0.618–0.65 retracement levels * Liquidity Pool: Below current swing lows leading into the FVG Conclusion: BTCUSDT is approaching a critical decision zone. A move into the FVG combined with Fibonacci retracement confluence presents an attractive area for potential long entries. Confirmation of bullish reversal structure within this zone could offer a strong trade opportunity in alignment with the broader trend. Patience and precision will be key in waiting for the price to tap into this area and show intent to reverse.
Long
by Louigi_24
38
GOLD Technical Analysis - Deeper Pullback in PlayOANDA:XAUUSD remains within a broader ascending channel, but recent price action suggests that the market is undergoing a deeper corrective phase. Following a prolonged bullish rally, price appears overextended and is now pulling back more decisively. This correction aligns with expectations for a healthy retracement after such strong upward momentum. I anticipate that the pullback will extend further toward the $3,160 level, a key technical level defined by the confluence of horizontal support, ascending trendline support, and the 0.618 Fibonacci retracement of the latest bullish impulse. This zone will be critical for determining whether the broader bullish structure remains intact. If price holds at this level and shows signs of reversal, it may present a strong re-entry opportunity for buyers. However, a decisive break below this zone would invalidate the current bullish structure and open the door to a deeper correction. Always confirm your setups and trade with a proper risk management. Best of luck!
OANDA:XAUUSDShort
by TrendDiva
96
XAUUSD Channel Up intact and targeting the 1D MA50.Gold (XAUUSD) has been trading within a Channel Up since the October 30 2024 High and is currently on its latest technical Bearish Leg. The last pull-back tested the 1D MA50 (blue tend-line) before rebounding again. As you can see the Low that this pull-back made was also on the 0.618 Fibonacci retracement level. On the current Bearish Leg, the 0.618 Fib is at 3155 and can make contact with the 1D MA50 within 1 week. That is our short-term Target, but depending on the Fed Rate Decision on Wednesday, it may be achieved earlier. ------------------------------------------------------------------------------- ** 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:XAUUSD
by TradingShot
GOLD MARKET ANALYSIS AND COMMENTARY - [May 05 - May 09]This week, the international OANDA:XAUUSD has dropped sharply from 3,352 USD/oz to 3,201 USD/oz and closed the week at 3,240 USD/oz. The reason for the sharp drop in gold prices is that US President Donald Trump said that the US is about to reach a trade agreement with India, Japan, South Korea, and is likely to reach a trade agreement with China, although the two sides have not had any official negotiations. In addition, an equally important factor is that China is on holiday from May 1 to May 5, so the demand for transactions in the world's largest gold consuming country is almost non-existent. While they have been continuously buying before even though the gold price was high. The FED meeting on May 6-7 may have a strong impact on gold prices next week. US GDP in the first quarter grew by -0.3%, while the labor market still has potential tariff risks; inflation remains stable at a high level. With these data, it is likely that the FED will maintain interest rates at current levels, but may signal that a rate cut is coming soon. According to many experts, if the FED signals that it will cut interest rates after the meeting next week, it will push gold prices to recover next week. On the contrary, if the FED maintains a wait-and-see attitude, declaring that it is not in a hurry to cut interest rates, then gold prices next week may continue to adjust. 🕹SOME DATA THAT MAY AFFECT GOLD PRICES THIS WEEK: Next week, all eyes will be on the Federal Reserve’s monetary policy meeting on Wednesday, with an interest rate decision and a press conference from Chairman Jerome Powell following keynote remarks earlier in April. Fed officials will then continue their participation in the Reykjavik Economic Conference in Iceland on Friday. Fed Governors Michael Barr, Lisa Cook, Philip Jefferson and Christopher Waller will be present at the conference as speakers in panels on topics including artificial intelligence, employment and monetary policy research. In addition, investors will also watch the ISM services PMI on Monday morning and the weekly jobless claims number on Thursday. 📌Technically, if gold prices fall below $3,200/oz next week, there is a possibility of a further decline to $3,129/oz. A deeper correction could see gold prices fall to $2,980-$3,000/oz next week. If gold prices reverse and break the $3,270/oz barrier, they could continue to rise above $3,350/oz. Notable technical levels are listed below. Support: 3,228 – 3,163USD Resistance: 3,245 – 3,267 – 3,292 – 3,300USD SELL XAUUSD PRICE 3311 - 3309⚡️ ↠↠ Stop Loss 3315 BUY XAUUSD PRICE 3119 - 3121⚡️ ↠↠ Stop Loss 3115
OANDA:XAUUSD
by Xayah_trading