As mentioned in Xauusd forecasts last week, gold continued its lowering model and burst into the 3200 zone. With global tensions, in particular the tariff situation that withdraws, investors have been seen to move their interests of security assets and switch to risks based on risks such as actions or cryptocurrencies.
This week, Gold is looking to consolidate before the main economic event of the FOMC on Wednesday. Let us discuss key pivot levels for the purchase and sale of gold in this weekly forecast Xauusd from May 5 to May 9, 2025.
The summary of forecasts for the previous week of Crypto.News
If you followed the forecasts last week and opened a sale of $ 3,342 to $ 3,353, you attended more than 1,500 gold drops.
In addition, the levels of purchase planned in gold from $ 3,247 to $ 3193 have also given a movement of more than 900 points so far.
Now let’s start by discussing the key economic events for this week and their possible impact on the Xauusd price.
Key economic events this week
Several important American economic reports should be published this week, which could all have a significant impact on Xauusd.
Monday May 5, ISM PMI services:
The economic well-being of the American services sector is evaluated by this index. Although a worse figure can push gold higher because it indicates economic fragility, a better than expected ratio generally supports the strength of the USD and can lower gold prices.
Wednesday, May 7, FOMC press conference:
A press conference will take place after the Federal Open Market Committee (FOMC) has published its monetary policy declaration. Any indication of interest rates or economic changes will be actively monitored by traders, as they could lead to significant volatility in the Xauusd.
Thursday May 8: unemployment complaints
The number of people asking for unemployment benefits is displayed in this weekly report. If fears of recession reappear, an increasing figure could indicate a slowdown in the labor market and make gold a more attractive refuge.
HTF gold overview
After closing two weeks in full red, gold shows signs of strength. However, the weekly gold FVG is still pending and it should be completed in the near future, after which a major purchasing decision can be seen. The purchase zone is $ 3194 to $ 3168 where you can find a bullish momentum and enter a gold purchase position.
Golden forecasts from May 5 to 9 to May 9
Gold shows a bullish momentum on the market open this week, but there are solid supply areas greater than $ 3,300. There are immediate levels of purchase within 4 hours in the area of $ 3,259 to $ 3,239 where the 4H FVG is present just below the control unit and also the low value area is present in the downward swing.
A short exchange on XAUUSD can be opened around $ 3305 to $ 3,313, which is also the POC level and the lowering control block.
Commercial strategies and investment recommendation
To conclude, the safe strategy of gold is to look for purchases in higher time levels and to search for sale in lower time levels. Mark these levels on your graph for easier negotiation advice when negotiating.
Support levels
- 3194 to $ 3168 – Weekly FVG
- 3,259 to $ 3,239 – 4h FVG and Val
Resistance levels
- 3305 to $ 3,313 – 1hr OB and POC
Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.
