5/23 Gold Analysis and Trading Signals

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Good afternoon everyone!

Gold did not touch our key buy or sell zones yesterday, but flexible intraday range trading worked well, resulting in decent profits.

Currently, the price has reached around 3330, and from a technical standpoint, bulls remain in control. If no negative surprise hits the market, gold could target 3368 today, with a potential to test 3400 resistance next week.

🔔 On the news front, two key events during the U.S. session today deserve attention:

A speech by Fed Governor Lisa Cook on financial stability — may provide hints about the Fed’s stance.

An executive order signed by Donald Trump, which might impact markets depending on its content (e.g., taxes, tariffs, or spending).

Also, note that U.S. markets will be closed next Monday, but this is unlikely to cause major disruptions. Positions held over the weekend can still be adjusted during the Asian session on Monday.

📈 Today’s Trading Recommendations:

📉 Sell near 3382–3398 (Resistance zone)

📈 Buy near 3274–3256 (Support zone)

🔁 Flexible trading levels:
3285 / 3296 / 3307 / 3316 / 3328 / 3337 / 3346 / 3361 / 3373

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