Gold price Forecast: May 19th to May 23rd, 2025
On May 12, the U.S. and China agreed to cut tariffs on each other’s goods for 90 days.This move calmed trade tensions and lifted global markets. As a result, gold prices fell to $3121 for XAUUSD.
This week, gold may bounce back. Let’s explore the key levels for trading gold in the XAUUSD market.
Last week, we highlighted a selling level for gold. From there, gold prices dropped by 1420 points. We also noted a major buying level in the weekly FVG, from which gold is up 827 points, at the time of writing
