Will Gold Break Through 3366 or Collapse Before NFP? XAUUSD PLAN – MAY 26 | Will Gold Break Through 3366 or Collapse Before NFP?
Gold is approaching a key resistance zone as geopolitical uncertainty and shifting Fed signals add volatility to global markets. While recent bullish momentum has been strong, traders should prepare for potential shakeouts ahead of NFP week.
🌍 MACRO & FUNDAMENTAL CONTEXT
US–Iran Tensions on the Rise: Iran has warned the US it will bear full responsibility if Israel attacks its nuclear facilities. This comes just days before both sides are scheduled to resume nuclear negotiations, increasing the risk of escalation.
Goldman Sachs Signals a Safe-Haven Shift: With 20-year US bond auctions failing and yields surging, Goldman Sachs now recommends gold and Bitcoin as core hedge assets against fiscal instability and a weakening dollar.
DXY Losing Steam: The US Dollar Index is cooling off after a short-term rally, with Fed rate hike expectations becoming less certain.
📉 TECHNICAL ANALYSIS – XAUUSD (M30 – H1)
Gold is consolidating in a bullish structure, bouncing within a rising channel and showing signs of potential continuation.
EMA13/EMA34 have crossed above EMA200 on the M30 chart → a sign of trend strength building.
A large Fair Value Gap (FVG) remains unfilled near 3360–3395 → potential magnet zone if bullish breakout succeeds.
🎯 TRADE SETUPS FOR TODAY
🟢 BUY SCALP
Entry: 3304 – 3302
SL: 3298
TP: 3308 → 3312 → 3316 → 3320 → 3325 → 3330 → 3340
🟢 BUY ZONE
Entry: 3276 – 3274
SL: 3270
TP: 3280 → 3284 → 3288 → 3292 → 3296 → 3300
🔴 SELL SCALP
Entry: 3344 – 3346
SL: 3350
TP: 3340 → 3336 → 3332 → 3328 → 3324 → 3320
🔴 SELL ZONE
Entry: 3376 – 3378
SL: 3382
TP: 3372 → 3368 → 3364 → 3360 → 3350
🧩 STRATEGIC KEYLEVELS
Key SELL Zone: 3358–3360 → If broken, gold may rush toward ATH targets.
Key BUY Zone: 3276–3274 → If lost, a deep retracement below 3200 is likely.
⚠️ NOTES TO TRADERS
This is a geo-politically sensitive market. Sudden news or tweets can trigger explosive moves.
Always wait for confirmation near key zones. Don't chase breakouts without structure.
Risk management is critical.
✅ SUMMARY:
"Political risk is the fuel. Gold is the fire. Stay sharp around the key levels and don't get caught in false breakouts. Be reactive, not predictive."
