Gold Spot / U.S. Dollar
Short
Updated

interest rates remain unchanged, gold under selling pressure

278
XAU / USD trend forecast MAY 7, 2025

⚠️Gold (XAU/USD) came under intense selling pressure during Wednesday’s Asian session, halting its two-day rally and retreating sharply from Tuesday’s two-week high near the $3,434–3,435 region. Market optimism surged after news broke that the US and China would resume trade negotiations in Switzerland this week, significantly lifting risk appetite. This shift dampened demand for the safe-haven metal, while a modest rebound in the US Dollar (USD) further fueled gold’s intraday decline.

⚠️Many widespread war conflicts (India), concerns about economic recession causing gold prices to drop sharply in Asian session. Along with waiting for today's interest rates

🚨/// SELL XAU : zone 3421-3424

SL: 3429

TP: 50 - 100 - 300pips ( 3394 )


🚨/// BUY XAU : zone 3304-3307

SL: 3299

TP: 50 - 100 - 300pips ( 3334 )



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Gold price is accumulating around 3370-3395 before the US session

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