🏆 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.
📊 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.
Note
break above 3310/3315 invalidates the third wave of selling.if we break above 3310/3315 today, I will post a new update.
Order cancelled
will post an update on Tuesday stay tunedNote
GOLD H8 Update: Bulls will target 3600 USD
Note
Why Gold Is Pulling Back Now – May 2025 Update
Note
Gold Market Update: Bears will target 3150 USD
Note
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taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.