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
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
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

EUR/USD – August 14th. Friday will be decisive

On Wednesday, the EUR/USD pair continued its upward movement and consolidated above the 76.4% retracement level at 1.1695. This suggests that the euro may continue rising today toward the next

Samir Klishi 11:57 2025-08-14 UTC+2

GBP/USD – August 14th. The UK economy delivers positive news

On the hourly chart, the GBP/USD pair continued its upward move on Wednesday and reached the 100.0% retracement level at 1.3586, which borders the resistance area of 1.3611–1.3620. A rebound

Samir Klishi 11:15 2025-08-14 UTC+2

EUR/USD. Indicator Analysis on August 14, 2025

On Wednesday, the pair, moving upward, tested the 85.4% retracement level at 1.1731 (yellow dashed line) and then declined, closing the daily candle at 1.1704. Today, the price may begin

Stefan Doll 11:00 2025-08-14 UTC+2

GBP/USD. Indicator Analysis on August 14, 2025

On Wednesday, the pair, moving upward, tested the upper fractal at 1.3587 (red dashed line) and then retreated slightly, closing the daily candle at 1.3571. Today, the price may begin

Stefan Doll 10:48 2025-08-14 UTC+2

EUR/USD. The Pair May Correct Downward Amid Trump's Speech

Today, U.S. President D. Trump is scheduled to speak. Investors, already aware that he might throw in something unexpected, are reducing part of their long positions in the pair just

Pati Gani 10:03 2025-08-14 UTC+2

XAU/USD. Analysis and Forecast

The breakout above the $3358 level, where the 100-period Simple Moving Average (SMA) on the 4-hour chart is located, against the backdrop of the earlier confirmed hold above the 200-period

Irina Yanina 08:38 2025-08-14 UTC+2

There was an attempt to strengthen despite a weakening bias in the commodity asset Palladium against the USD. Thursday, August 14, 2025.

[XPD/USD] – [Thursday, August 14, 2025] Although the bias for Palladium remains weakening, as indicated by the Death Cross of the two EMAs, the RSI (14) which

Arief Makmur 06:21 2025-08-14 UTC+2

Today, the Nasdaq 100 index has the potential to weaken to its nearest support level. Thursday, August 14, 2025.

[Nasdaq 100 Index] – [Thursday, August 14, 2025] Although the EMA (50) is still forming a Golden Cross above the EMA(200), the RSI (14) indicator, which is at a neutral

Arief Makmur 06:21 2025-08-14 UTC+2

EUR/USD Forecast for August 14, 2025

The euro has consolidated above the daily-scale balance indicator line and is slowly continuing its rise toward the MACD line at 1.1770. The Marlin oscillator has entered positive territory

Laurie Bailey 04:57 2025-08-14 UTC+2

GBP/USD Forecast for August 14, 2025

Once again, the British pound has emerged as a leader in the currency market during the rise in stock indexes, showing strong risk appetite. However, we will see the consequences

Laurie Bailey 04:57 2025-08-14 UTC+2
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.