Gold Market Outlook: Key Economic events and Trading Strategies for May 12th to May 16th, 2025
The U.S. and China have resolved their trade conflict, boosting the dollar and affecting gold prices. This week, gold may reach its weekly levels, setting the stage for a important upward move.
Several U.S. economic reports will influence the XAUUSD this week:
- May 13th: Core CPI data will be released.A higher figure could push gold down, while a lower one might support a recovery.
- May 15th: Core PPI and Unemployment Claims will be announced. Rising PPI could limit gold’s decline, and high unemployment claims may boost demand for safe-haven assets.
- May 16th: Preliminary UoM Consumer Sentiment will gauge household economic confidence. Positive sentiment may cause declines, while negative sentiment could lift gold.
Gold’s HTF overview remains unchanged, targeting its weekly FVG and pushing up towards $3320. Sellers should focus on lower time frames,while buyers should look at higher time frames.
On the 1-hour timeframe, the first selling level is at $3258-3281. The 4-hour timeframe offers a bigger selling opportunity at $3304-3325.The $3172-$3080 area is ideal for buying.
For a safe strategy, look for sells in lower time frames and buys in higher time frames. mark these levels on your chart for easier trading.
Support Levels: $3167-$3194 (weekly FVG), $3172-$3080 (daily breaker block, FVG, and fib levels).
Resistance Levels: $3304-3325 (0.5 fib level and value area low), $3258-3281 (bearish order block and breaker block).
