Gold Spot / U.S. Dollar
Short
Updated

GOLD H1 / 3285 USD & 3155 USD key BUY/SELL Levels

1 223
🏆 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.
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 tuned
Note
GOLD H8 Update: Bulls will target 3600 USD
GOLD H8 Update: Bulls will target 3600 USD

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