19.05.202514:29 Forex Analysis & Reviews: Trading Signals for GOLD for May 19-21, 2025: sell below $3,247 (200 EMA - GAP)

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Early in the American session, gold is trading around 3,245, reaching the top of the uptrend channel and showing the exhaustion of bullish strength.

In the coming hours, we believe the XAU/USD could undergo a technical correction to reach 3,204, where the 21st SMA is located. It could also reach the 5/8 Murray, which could serve as a point for further decline.

At the beginning of this week's trading, gold left a gap around 3,195. This gap will likely be covered in the coming hours. If the bearish strength prevails, gold could reach the 4/8 Murray around 3,125.

Conversely, if gold undergoes a technical correction and closes the gap it left at 3,200, it will be seen as an opportunity to resume buying. So, the instrument could then reach 3,220 and even the 6/8 Murray around 3,275.

Gold left another gap on May 8 around 3,325 and is likely to break above 3,250. The outlook could be bullish, and we could expect it to cover this gap and even reach 7/8 Murray at 3,360.

The Eagle indicator is showing a negative signal. Hence, we will look for selling opportunities in the coming hours, as the gold price trades below 3,250.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.