Top.Mail.Ru
empty
16.05.2025 05:02 PM
Trading Signals for GOLD for May 16-19, 2025: sell below $3,211 -3,226 (200 EMA - 21 SMA)

This image is no longer relevant

Early in the American session, gold is trading around 3,174.33, retreating after reaching the top of the downtrend channel.

Yesterday, gold fell to a low of 3,120 and recovered more than $130 in less than 24 hours, reaching 3,251.

Gold is expected to continue to rebound in the coming hours and could reach 3,211, a level where a breakout of the downtrend channel is expected.

If gold fails to break and consolidate above 3,226 (200 EMA), the outlook could be negative, and the bearish cycle is expected to resume, potentially reaching 3,125 and even the bottom of the downtrend channel around 3,070.

If bullish strength prevails, gold is expected to break above 3,226, then reach the 6/8 Murray level at 3,303, and could even cover the gap it left on May 8 around 3,335.

The Eagle indicator is reaching oversold levels. So, we believe that any pullback, as long as the gold price remains above the 4/8 Murray level, will be seen as an opportunity to buy gold.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.