Gold concludes the trading week with a correction near the area of 3330. The prices for XAU/USD continue within the range of growth and the bull channel. Moving averages indicate an upward trend in gold. Prices have broken through the area between signal lines upwards, which indicates pressure from buyers and potential price continuation. Currently, it is worth expecting a development attempt of bearish correction in prices and testing the support level near the region of 3215. Further, a rebound of prices upwards and an increase in XAUUSD on the current trading week with a potential target above the level of 3635.
GOLD Weekly Forecast XAU/USD May 26 — 30, 2025
Additional signals in favor of the growth of prices and gold quotations for the current trading week of May 26 — 30, 2025, will be a bounce off the trend line on the Relative Strength Index (RSI). The second signal will be a rebound from the lower boundary of the bull channel. A reversal to the option of rising prices XAU/USD will be a drop in price and breaking the area at 3045. This will indicate a breakout below the lower border of the bull channel, and a continuation of falling gold prices with a target below the level of 2815. Confirmation of growth in asset value will occur when breaking the resistance zone and closing prices above the level of 3375, indicating a breakout above the upper border of the descending correction channel.
GOLD Weekly Forecast XAU/USD May 26 — 30, 2025 suggests an attempt to develop a bearish correction and testing the support level near the area of 3215. Then, continuation of gold prices increases with the goal above the level of 3635. A rise in quotes will be supported by testing the trend line on the Relative Strength Index (RSI) indicator. The growth option for Gold will be cancelled out by a drop and breaking through the level of 3045, which will indicate continuation of the fall of quotes into the area below the level of 2815.
