🌅 XAU/USD London Session Outlook – May 22, 2025
Market Bias: 🔼 Bullish (with minor pullback)
Current Price: $3,329.27
Timeframe: 1H chart with 5 & 21 EMA
⸻
📊 Price Action Overview:
• Gold is holding above $3,321.87 after yesterday’s breakout rally stalled near $3,348.89.
• The market has pulled back modestly into the 21 EMA — still healthy structure with no breakdown.
• Trend remains bullish with higher highs and higher lows since May 17.
• Today’s price action so far is showing early signs of basing above $3,321.87 for a potential continuation.
⸻
🔍 Key Levels:
• Support: $3,321.87 → intraday pivot zone
• Key Bullish Continuation Level: $3,348.89
• Further Targets: $3,378.81 and $3,409.74
• Breakdown Zone: $3,294.41 (if broken with momentum, could retest $3,269.07)
⸻
📅 Key News Today (CET):
• 20:00 CET – FOMC Meeting Minutes 🔥
Expect volatility late in NY if there’s any change in tone about rate path
⸻
🌍 Global Drivers:
• Fed sentiment still cautiously dovish after last week’s soft PPI/retail data
• Geopolitical landscape stable — gold reacting more to technicals and rate expectations
• Dollar stable — no fresh strength or weakness giving a clear lead
⸻
📌 What to Expect Today:
• Consolidation or slight dip during London is likely before NY takes over with the FOMC minutes
• As long as price holds $3,321, buyers are in control
• If we reclaim $3,348, expect a push toward $3,378
• A break below $3,294 would open room for deeper pullback into the $3,269–$3,241 zone
Market Bias: 🔼 Bullish (with minor pullback)
Current Price: $3,329.27
Timeframe: 1H chart with 5 & 21 EMA
⸻
📊 Price Action Overview:
• Gold is holding above $3,321.87 after yesterday’s breakout rally stalled near $3,348.89.
• The market has pulled back modestly into the 21 EMA — still healthy structure with no breakdown.
• Trend remains bullish with higher highs and higher lows since May 17.
• Today’s price action so far is showing early signs of basing above $3,321.87 for a potential continuation.
⸻
🔍 Key Levels:
• Support: $3,321.87 → intraday pivot zone
• Key Bullish Continuation Level: $3,348.89
• Further Targets: $3,378.81 and $3,409.74
• Breakdown Zone: $3,294.41 (if broken with momentum, could retest $3,269.07)
⸻
📅 Key News Today (CET):
• 20:00 CET – FOMC Meeting Minutes 🔥
Expect volatility late in NY if there’s any change in tone about rate path
⸻
🌍 Global Drivers:
• Fed sentiment still cautiously dovish after last week’s soft PPI/retail data
• Geopolitical landscape stable — gold reacting more to technicals and rate expectations
• Dollar stable — no fresh strength or weakness giving a clear lead
⸻
📌 What to Expect Today:
• Consolidation or slight dip during London is likely before NY takes over with the FOMC minutes
• As long as price holds $3,321, buyers are in control
• If we reclaim $3,348, expect a push toward $3,378
• A break below $3,294 would open room for deeper pullback into the $3,269–$3,241 zone
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.