This week, the international 
XAUUSD increased from 3,210 USD/oz to 3,434 USD/oz, but immediately after that, the gold price dropped sharply to 3,274 USD/oz and closed this week at 3,325 USD/oz.
The reason why the gold price was sold off at the end of the week was because the FED said it would not rush to cut interest rates, because inflation is potentially at risk of increasing due to the impact of tariffs from the Trump administration, while the US economy, especially the labor market, is also at risk of decline. This risks pushing the US economy into a state of stagflation.
In addition, after the US and UK reached a trade agreement, the US side said that there will be more trade agreements with major economies in the near future. Notably, this weekend, the US and China also entered the first round of trade negotiations under President Trump in his second term in Switzerland. This has made many investors concerned that the cooling of the trade war will reduce the role of gold as a safe haven.
Factors affecting gold prices next week:
Federal Reserve (Fed) policy: The Fed currently keeps interest rates at 4.25% - 4.5%, and the market is waiting for new economic data (such as May CPI and employment report). If inflation continues to decline or there are signs that the Fed will cut interest rates in the near future, gold prices may be strongly supported. On the contrary, if the Fed maintains a "hawkish" stance (keeping interest rates high), gold prices may be under downward pressure.
US-China trade negotiations: Optimism about the possibility of a trade agreement between the US and China (expected to be negotiated in Switzerland) is reducing the demand for safe haven gold. If there is positive news (forecast: tax reduction from 145% to 80%), gold prices may adjust down. On the contrary, if negotiations fail or tensions escalate, gold will increase sharply.
Global instability: Geopolitical risks (such as Middle East conflicts, Russia-Ukraine tensions, India-Pakistan tensions) are still the driving force supporting gold prices. If there are unexpected developments, gold demand will increase.
📌Technically, gold prices next week are likely to fluctuate within the range of 3,200 - 3,400 USD/ounce, with the base scenario being sideways or slightly increasing. If gold breaks the trendline and surpasses the resistance level of 3435, the next level is that gold can conquer the old peak or create a new high. Meanwhile, if the support level of 3200 is broken, gold prices are at risk of falling deeply below the threshold of 3,100 USD/oz. However, factors such as US economic data, Fed policy, and developments in US-China negotiations will be the key to determining the trend. Investors need to closely monitor these events and apply flexible trading strategies.
Notable technical levels are listed below.
Support: 3,300 – 3,292 – 3,267USD
Resistance: 3,351 – 3,371USD
SELL XAUUSD PRICE 3402 - 3400⚡️
↠↠ Stop Loss 3406
BUY XAUUSD PRICE 3215 - 3217⚡️
↠↠ Stop Loss 3211
XAUUSD increased from 3,210 USD/oz to 3,434 USD/oz, but immediately after that, the gold price dropped sharply to 3,274 USD/oz and closed this week at 3,325 USD/oz. The reason why the gold price was sold off at the end of the week was because the FED said it would not rush to cut interest rates, because inflation is potentially at risk of increasing due to the impact of tariffs from the Trump administration, while the US economy, especially the labor market, is also at risk of decline. This risks pushing the US economy into a state of stagflation.
In addition, after the US and UK reached a trade agreement, the US side said that there will be more trade agreements with major economies in the near future. Notably, this weekend, the US and China also entered the first round of trade negotiations under President Trump in his second term in Switzerland. This has made many investors concerned that the cooling of the trade war will reduce the role of gold as a safe haven.
Factors affecting gold prices next week:
Federal Reserve (Fed) policy: The Fed currently keeps interest rates at 4.25% - 4.5%, and the market is waiting for new economic data (such as May CPI and employment report). If inflation continues to decline or there are signs that the Fed will cut interest rates in the near future, gold prices may be strongly supported. On the contrary, if the Fed maintains a "hawkish" stance (keeping interest rates high), gold prices may be under downward pressure.
US-China trade negotiations: Optimism about the possibility of a trade agreement between the US and China (expected to be negotiated in Switzerland) is reducing the demand for safe haven gold. If there is positive news (forecast: tax reduction from 145% to 80%), gold prices may adjust down. On the contrary, if negotiations fail or tensions escalate, gold will increase sharply.
Global instability: Geopolitical risks (such as Middle East conflicts, Russia-Ukraine tensions, India-Pakistan tensions) are still the driving force supporting gold prices. If there are unexpected developments, gold demand will increase.
📌Technically, gold prices next week are likely to fluctuate within the range of 3,200 - 3,400 USD/ounce, with the base scenario being sideways or slightly increasing. If gold breaks the trendline and surpasses the resistance level of 3435, the next level is that gold can conquer the old peak or create a new high. Meanwhile, if the support level of 3200 is broken, gold prices are at risk of falling deeply below the threshold of 3,100 USD/oz. However, factors such as US economic data, Fed policy, and developments in US-China negotiations will be the key to determining the trend. Investors need to closely monitor these events and apply flexible trading strategies.
Notable technical levels are listed below.
Support: 3,300 – 3,292 – 3,267USD
Resistance: 3,351 – 3,371USD
SELL XAUUSD PRICE 3402 - 3400⚡️
↠↠ Stop Loss 3406
BUY XAUUSD PRICE 3215 - 3217⚡️
↠↠ Stop Loss 3211
Nota
Positive signals from US-China trade negotiations increased risk sentiment, causing gold prices to drop sharply by 1.8% in the Asian session to around $3,265/oz.Nota
Gold recovers to $3,245/ozDagangan ditutup: sasaran tercapai
Plan BUY +180pips🔼🔼🔼Nota
Nota
Gold held on to modest gains after weaker-than-expected US inflation data boosted traders' expectations of a Federal Reserve interest rate cut.Nota
The US dollar continued to weaken in the European morning session, as yesterday's selling momentum showed no signs of abating. After a surge earlier in the week, the USD failed to maintain its momentum and is now under pressure again.Nota
🔴SPOT gold fell below $3,220 an ounce, down 0.64% on the day.Nota
🔴Gold SPOT lost $3,200 an ounce, down 1.26% on the day.Nota
According to technical analysis, gold is on the rise with the next resistance levels being 3,350 – 3,400 – 3,438 and could head towards the historical peak of 3,500 USD/oz if it does not fall below the support level of 3,300 USD.
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🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.