Gold (XAUUSD) Opts for the Dip

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – May 25

The Gold market has experienced a bearish breakout on the 24-hour chart after a long period of upward trend since the inception of March. The support level of 1978.0 has been bridged. Gold price appears ready for a dive.

Gold Key Levels

Demand Levels: 1890.0, 1804.0, 1693.0
Supply Levels: 2042.0, 2068.0, 2100.
Gold (XAUUSD) Opts for the Dip

Gold Long-Term Trend: Bearish

Gold experienced a major resistance at the supply level of 1987.0. This led to the price decline all through February. The bulls recovered in March after the formation of a double bottom at the start of the month. Gold’s upward movement was resumed at the support level of 1804.0

Gold has displayed a flag pattern on the daily chart. The decline in the bullish momentum turned the steep slope into a parallel channel. The supporting trendline failed to hold and has given way to the selling pressure.

Gold (XAUUSD) Opts for the Dip

Gold Short-Term Trend: Bearish

With the break of the 1978.0 key level, Gold is expected to plunge towards the next key level of 1890.0 to accomplish the sell-side delivery of the market.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *