Weekly Analysis List
XAU/USD Weekly Analysis
5/5/25
Market Overview
XAU/USD Weekly Analysis (05.05.2025)
Trend and Momentum:
• The XAU/USD pair is currently in an upward correction phase .
• The pair is trading around $3,260, showing potential for further upward movement .
• The RSI (Relative Strength Index) is at 56.8, indicating moderate bullish momentum .
Support and Resistance Levels:
• Support Levels:
o $3,200: Immediate support .
o $3,150: Secondary support .
o $3,100: Tertiary support .
• Resistance Levels:
o $3,276: Immediate resistance .
o $3,325: Secondary resistance .
o $3,387: Tertiary resistance .
Market Sentiment:
• Gold prices are rising due to increased demand for safe-haven assets amid ongoing US-China trade tensions .
• The weakening US dollar is also providing support for gold, making it more attractive to investors using other currencies .
• The Federal Reserve's upcoming policy meeting is being closely watched, with no rate cuts expected at this stage .
Conclusion
Outlook:
• If the XAU/USD pair breaks above the $3,276 resistance level, it could advance towards $3,325 and potentially higher to $3,387 .
• Conversely, if the pair falls below the $3,200 support level, it might drop towards $3,150 and further down to $3,100 .
This analysis should give you a good overview of the XAU/USD pair's performance and potential movements for the week.