empty
15.05.2025 04:50 PM
Trading Signals for GOLD for May 15-19, 2025: buy above $3,222 or sell below $3,203 (200 EMA - 5/8 Murray)

This image is no longer relevant

Early in the American session, gold is trading around 3,195, below the 5/8 Murray line and below the 200 EMA and the 21 SMA, with a strong bullish bias.

During the European session, gold fell towards the 3,125 level, reaching the low of 3,120, which coincided with the 4/8 Murray line and the daily support, providing good support for gold.

Since then, gold has begun a strong technical rebound, which is expected to continue upward in the coming hours and could reach the 200 EMA around 3,222.

Gold is trading within a downtrend channel and is approaching the top of this channel. Therefore, we believe that if it fails to break above 3,203, we could expect a technical correction with targets at 3,150.

S_1 support is located around 3,145. We believe that if gold fails to break above 3,202 in the next few hours, a correction towards this area could occur and could be seen as an opportunity to sell and subsequently buy.

A decisive break above 3,203 could signal the end of the downtrend and initiate a new bullish cycle for gold.

To achieve this, we should expect consolidation above 3,200, then reach 3,222 and 3,281, potentially covering the gap left at 3,330 and finally reaching 8/8 Murray at 3,437.

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.