The XAU/USD quotes continue within the framework of development of the rise and bull channel. Now of publishing this forecast, the price of Gold per Troy ounce is $3301. The moving averages indicate a short-term bearish trend. Prices broke through the area between signal lines upwards, which indicates pressure from buyers of the asset and potential continuation of growth already from current levels. Currently, it is worth expecting an attempt at developing a bear correction in the gold course rate and testing the support level close to the region 3265, from where one can expect a rebound upward and continuation of the rise in the price of Gold with a potential target above the level of 3385.
GOLD Forecast and XAUUSD Analysis for May 22, 2025
Additional signals in favor of reducing the quotes on XAU/USD will be when testing the support line on the Relative Strength Index (RSI indicator). A second signal is a rebound from the lower boundary of the bull channel. Cancellation of the option for increasing gold prices by May 22, 2025, would be falling quotes and breaking through the level of 3215. This will indicate a breakthrough the support area and continuation of the fall in asset quotations to an area below the level of 3085. Expect acceleration of growth for XAU/USD quotes with a breakthrough resistance zone and closing price above the level of 3345.
GOLD Forecast and XAUUSD Analysis for May 22, 2025, anticipates an attempt to develop a bearish price correction and testing the support area near the level of 3265. Following this, continuation of metal prices with aims above the level of 3385. An increase in gold prices will be invalidated by a decline in the asset’s value on markets and penetration through the level of 3215, which would indicate continued price drop for Gold aiming at potential target below the mark of 3085.
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