Tag: Gold weeky forecast

Gold Weekly Forecast (May 26–30, 2025) Comprehensive Technical, Fundamental & Sentiment Analysis Executive Summary Gold has extended its bullish momentum, closing the week at $3,357 after touching a low of $3,200 in weekly candle. As forecasted in last week’s MJ Forex Academy report, the price successfully filled the gap and achieved the target of $3,350, confirming the strength of the underlying bullish trend. Going into next week, technical structure, macroeconomic conditions, and sentiment dynamics all align to support continued upside potential in gold. Technical Analysis Weekly Chart Structure The weekly candle has closed with a bullish engulfing pattern, a strong signal of trend continuation. The candle opened at $3,200 and closed at $3,357 with very minor rejection from the upper wick, suggesting aggressive institutional buying pressure and minimal selling. ✅ Bullish Engulfing confirms renewed buyer dominance✅ Weekly close near highs reinforces upside bias Daily Time Frame Gold has been printing daily bullish formations, with only a brief intraday correction on Thursday, likely driven by short-term profit-taking. The overall daily structure remains bullish with strong body candles and no significant bearish signs. 4-Hour (H4) Chart Analysis The H4 time frame shows a clear bullish market structure, with consecutive Higher Highs (HH) and Higher Lows (HL). Volume profile continues to show strength on the buying side, particularly at swing low rejections. Support Zones (SBR): $3,240 – Key H4 Support-Become-Resistance zone, potential re-entry zone on retracement $3,285 – Strong H4 support, last demand zone before breakout Next Week Trade Outlook Buy Zone: $3,240–$3,285 Target Zone: $3,430 Invalidation Level (Short-term): Daily close below $3,200 Fundamental Analysis Macroeconomic Outlook The major fundamental catalyst for gold's recent surge lies in renewed geopolitical and trade war fears: Donald Trump’s New Tariff Proposal: Trump has announced a policy targeting companies that manufacture goods outside the U.S. This new "manufacturing penalty tariff" is seen as the next evolution of his trade war playbook. Impact on Global Markets: This move introduces economic uncertainty and potential supply chain disruptions, prompting global investors to seek safety in non-yielding safe-haven assets like gold. Additionally: Central Bank Gold Purchases continue, led by China and India, diversifying from dollar holdings and buffering their economies against future sanctions. U.S. Economic Data (especially PCE inflation and jobless claims next week) will be closely watched for Fed policy implications. A dovish tilt may accelerate gold's upside. Sentiment Analysis Retail Sentiment Retail traders remain cautiously bullish. Many took profits around the $3,500 level, but most are viewing any dips near $3,285–$3,240 as strong buying opportunities. The broader retail view anticipates continued strength through Q2–Q3 2025. Institutional Sentiment Institutional interest in gold remains elevated, especially after the breakout above $3,300: Central bank accumulation is adding structural demand. Hedge funds and asset managers are rotating capital from equities to commodities due to uncertainty in U.S. tech regulation and tariffs. Conclusion & Trade Plan All indicators—technical, fundamental, and sentiment—support a bullish continuation scenario for gold in the week ahead. Traders should watch for pullbacks into $3,240–$3,285 for potential long entries with a target of $3,430. Key Takeaway: Gold is in a high-momentum bullish phase supported by macro uncertainty, structural buying, and technical strength. Maintain a buy-on-dips bias, especially if price respects the $3,240–$3,285 zone. MJ Forex Academy Outlook Summary Aspect View Technical Trend Bullish Buy Zone $3,240–$3,285 Target $3,430 Sentiment Bullish (Retail + Institutional) Risk Level Moderate (due to macro uncertainty) Empowering traders with smart insights & disciplined execution

Tag: Gold weeky forecast

Gold Weekly Forecast (May 26–30, 2025) Comprehensive Technical, Fundamental & Sentiment Analysis

Quick List

Resources

support