Technical Analysis (Gold) : XAU/USD 16 May 2025

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 May 2025

Momentum : Up

First Scenario : long positions above 3,198.31 with targets at 3,229.30, 3,252.18 and 3,272.37

Second Scenario : short positions below 3,198.31 with targets at 3,173.73, 3,153.96 and 3,130.64

Comment : There is no clear trend in the price movement.

Supports and resistances :

3,272.37 **
3,252.18 *
3,229.30
3,219.23 - Last price
3,173.73
3,153.96 *
3,130.64 **

Warning : This information is not a buy-sell signal.