Tag: cryppto

By Maherullah Baloch | MJ Forex AcademyGold has experienced significant volatility throughout May, with price action ranging from a high of $3,500 to a low near $3,120. While such fluctuations can test market sentiment, it’s important to view them within the context of a broader bullish macro trend.🔍 Key Drivers Behind Recent Gold Movements📈 Rising trade tensions earlier this month initially fueled a strong rally in gold.🤝 A landmark trade agreement between the UK, USA, and China helped ease market fears, leading to short-term profit-taking.🌍 The U.S. President’s strategic visit to the Middle East, which resulted in $1.5 trillion in investment commitments, further reduced global uncertainty and weighed on gold temporarily.🏦 Why the Bullish Outlook on Gold Remains IntactDespite the correction, the following fundamental forces continue to support gold’s upward momentum:🧠 David Einhorn, founder of Greenlight Capital, highlighted in a recent article that gold is expected to maintain its 8.2% Q1 gain throughout 2025.🇨🇳 The People’s Bank of China continues aggressive gold accumulation, reinforcing central bank demand globally.💼 Gold ETFs are witnessing massive inflows, reflecting increased institutional and retail investor confidence.📌 Final remarksThis recent correction is not a signal of reversal, but rather a healthy pullback in a larger bullish cycle. Gold continues to serve as a strategic hedge amid evolving macroeconomic and geopolitical conditions.📈 Intraday Technical Levels to Watch:Support Zone: $3,193 – Ideal area to look for buying opportunities.Profit Targets: $3,250 and $3,330 – Zones for partial exits or profit booking.📉 Trend Confirmation:✅ M15 & M30 – Bullish and aligned with the daily trend⚠️ H4 – Recently broke resistance, but still exhibiting cautionary signs📢 Stay ahead of the curve with daily insights and strategic market education at MJ Forex Academy.Let’s trade with clarity, discipline, and purpose.

Tag: cryppto

Gold Market Update – 16 May 2025

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