Gold Price Recap – Bullish Momentum Returns
Gold (XAU/USD) closed last week strong at $3,365 per ounce, fueled by renewed safe-haven demand, global economic uncertainty, and strong central bank buying. This bullish close has sparked fresh optimism among traders, with many now asking:
Will gold prices continue to rise next week? Or is a pullback expected before new highs? To understand this better, check out our full weekly forecast.
Weekly Gold Forecast: May 26–30, 2025
1. Technical Analysis of XAU/USD
- Current Price: $3,365
- Support Levels: $3,320 / $3,215
- Resistance Levels: $3,390 / $3,430 / $3,635
- Trend: Bullish
- Indicators: RSI near 65, MACD rising, moving averages pointing higher
Technical Summary: Gold remains in a bullish channel. As long as XAU/USD stays above $3,320, we could see another attempt to break the key psychological level of $3,400. A breakout may target $3,430–$3,635 in the near term.
2. Fundamental Drivers Behind Gold’s Rally
A. Central Bank Gold Buying
Major central banks, including China and Russia, continue to stockpile gold. This institutional demand is a long-term bullish catalyst for gold prices. Read more about central bank gold buying trends.
B. Geopolitical Risks
From US-China trade tensions to EU market fears, gold remains the top hedge against political and economic uncertainty. Stay updated with the latest geopolitical developments.
C. Global Inflation & Weakening Dollar
Persistent inflation and expectations of Fed rate cuts in Q3 2025 are weakening the US Dollar, pushing more investors toward gold. For an in-depth look, visit our inflation and currency analysis.
3. Key Events to Watch This Week
- US Consumer Confidence (May 28)
- Fed Officials Speeches
- China’s Industrial Data
- Any fresh geopolitical developments
These events could trigger short-term volatility in gold prices. Keep an eye on dollar strength and bond yields, which inversely affect gold’s direction.
4. Expert Gold Price Predictions
- Goldman Sachs: Targets $3,700 by Q4 2025
- JP Morgan: Predicts $4,000 within 12 months
- Bank of America: Bullish on gold above $3,500 in the medium term
Should You Buy Gold Now?
With gold holding firm above key technical levels and macro factors favoring precious metals, the overall bias remains bullish. However, traders should be cautious around $3,400 as profit-taking may lead to short-term dips. Learn more in our trading strategies section.
News4FX Weekly XAUUSD Trade Idea
Buy Limit: $3,325
Take Profit: $3,430 / $3,600
Stop Loss: $3,280
Risk/Reward: 1:2+
Final Thoughts – Bullish but Cautious
The gold market looks solid heading into the last week of May 2025. As long as bulls defend $3,320–$3,300, the path of least resistance remains upward. Stay updated with real-time gold news, XAU/USD signals, and expert analysis only on News4FX.com.
