Key Levels for the Week 05/12/2025 ∷Gold∷

🐍 Key Levels Overview for the Week🐍
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Resistances🔀 3477,3578,3630,3680

Mids∷∷∷ 3406,3443,3486,3527

Supports🔀 3435,3364,3311,3278

Trend Base Lines...

34229🐂3487🐂3524🐂3557

3378🏛3416🏛3425🏛3458

3296🐻3322🐻3330🐻3370

Note

The price has moved from the very beginning outside the support and resistance levels determined based on past data and calculations. This situation is caused by strong selling pressure, fundamental factors, and the influence of traders’ emotions and impulsive behavior, which have pushed the price away from its previous balance and rhythm and beyond the range derived from short-term data analysis.

To analyze and define such levels on a larger scale, it is necessary to consider longer timeframes or earlier data that have been examined within those larger timeframes.

**
Gold fell below $3,230 per ounce on Tuesday, marking its second day of decline and nearing its lowest level in a month. This drop happened because investors felt more confident about riskier assets after the U.S. and China agreed to reduce tariffs on each other's goods. The U.S. will cut tariffs on Chinese imports from 145% to 30%, and China will lower tariffs on U.S. imports from 125% to 10% for 90 days. Investors are now waiting for important U.S. economic reports later this week, especially the Consumer Price Index (CPI) and April retail sales, which could influence the Federal Reserve’s future interest rate decisions.

Note

3429🐂(3490)🐂(3501)🐂3557

3378🏛(3409)🏛(3414)🏛3458

3296🐻(3323)🐻(3326)🐻3370

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