Gold Spot / U.S. Dollar
Long
Updated

Gold prices recover ahead of FOMC, 3400

198
XAU / USD trend forecast MAY 6, 2025

⚠️Gold (XAU/USD) surged over 2%—gaining more than $70—on Monday, climbing to $3,321 after rebounding from intraday lows near $3,237, as the US Dollar weakened sharply despite upbeat economic indicators.
A stronger-than-expected ISM Services report signaled enduring resilience in the US economy, though rising price pressures—exacerbated by President Donald Trump’s newly announced 100% tariffs on foreign films—rekindled inflation concerns.
Adding to the volatility, Trump reiterated calls for the Federal Reserve to cut interest rates, while confirming he would not seek to replace Fed Chair Jerome Powell before his term expires in May 2026.

⚠️ Gold prices recover ahead of tomorrow's interest rate news, the market expects the first rate cut in 2025. Prices break several important resistances and head above 3400.

🚨/// SELL XAU : zone 3420-3423

SL: 3428

TP: 50 - 100 - 300pips ( 3393 )

🚨/// BUY XAU : zone 3321-3324

SL: 3316

TP: 50 - 100 - 300pips ( 3351 )



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Congratulations, absolutely accurate trend of increasing, reaching 3416

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