🌏 XAU/USD Outlook – Asian Session, May 21, 2025
Market Bias: 🔼 Strongly Bullish
Current Price: $3,299.34
Timeframe: 1H (with 5 & 21 EMA)
📊 Chart Breakdown:
Gold has surged cleanly through $3,243.28 and $3,268.13, now testing near-term resistance at $3,301.88.
Momentum is strong — candles are full-bodied with minimal wicks, showing solid buyer control.
EMAs are sharply angled and separated, indicating high momentum. No signs of reversal yet.
This is the strongest 1H push since the bounce from $3,157.35.
🔍 Key Levels:
Immediate Resistance: $3,301.88
Next Targets: $3,329.84 and $3,363.11 if breakout continues
Support Zones: $3,268.13 (structure low) → $3,243.28
Break below $3,268 would be first sign of a pullback starting
🗓️ News Ahead:
No major events during Asia session
Watch for U.S. Existing Home Sales later in NY
Big focus this week remains on FOMC Minutes (Wed) and PMIs (Thu)
📌 What to Expect:
Gold is entering the Asian session on strong bullish momentum
If buyers hold above $3,268, we could see another leg toward $3,329 during the London or early NY session
Likely to see sideways or slight pullback during Asia, but buyers are clearly in control — dips into structure may attract entries
Market Bias: 🔼 Strongly Bullish
Current Price: $3,299.34
Timeframe: 1H (with 5 & 21 EMA)
📊 Chart Breakdown:
Gold has surged cleanly through $3,243.28 and $3,268.13, now testing near-term resistance at $3,301.88.
Momentum is strong — candles are full-bodied with minimal wicks, showing solid buyer control.
EMAs are sharply angled and separated, indicating high momentum. No signs of reversal yet.
This is the strongest 1H push since the bounce from $3,157.35.
🔍 Key Levels:
Immediate Resistance: $3,301.88
Next Targets: $3,329.84 and $3,363.11 if breakout continues
Support Zones: $3,268.13 (structure low) → $3,243.28
Break below $3,268 would be first sign of a pullback starting
🗓️ News Ahead:
No major events during Asia session
Watch for U.S. Existing Home Sales later in NY
Big focus this week remains on FOMC Minutes (Wed) and PMIs (Thu)
📌 What to Expect:
Gold is entering the Asian session on strong bullish momentum
If buyers hold above $3,268, we could see another leg toward $3,329 during the London or early NY session
Likely to see sideways or slight pullback during Asia, but buyers are clearly in control — dips into structure may attract entries
Trade active
Trend:• Currently in a bullish structure, with higher highs and higher lows forming after the bounce from around 3157.35.
• Clean break and retest of prior resistance levels shows buyers are in control for now.
⸻
Key Levels:
• Support Zones:
• 3301.88
• 3268.13
• 3243.28 (prior consolidation zone)
• Immediate Resistance:
• 3329.84 — current price sitting just below this
• 3363.11
• 3390.87
• 3418.00 — next major target if momentum continues
⸻
EMA Reaction:
• Both the 5 EMA (blue) and 21 EMA (pink) are angled upward with good spacing, confirming strength in the bullish trend.
• Price is currently riding above both EMAs, using them as dynamic support.
⸻
Bias:
• Bullish unless 3301.88 or the EMAs break clean to the downside.
• Any retest of 3308–3301 area that holds could be a sniper long opportunity into 3363+ if momentum builds.
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.
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.