Gold Analysis: Cautious Anticipation for Federal Reserve Minutes – 28 May 2025

Today’s Gold Analysis Overview: ;

-- The overall Gold Trend: Upward. ;
-- Today's Gold Support Levels: $3280 – $3220 – $3150 per ounce. ;
-- Today's Gold Resistance Levels: $3360 – $3400 – $3470 per ounce. ;

Today's gold trading signals update: ;

-- Sell Gold from the $3380 resistance level with a target of $3250 and a stop-loss of $3410. ;
-- Buy Gold from the $3260 support level with a target of $3400 and a stop-loss of $3220. ;
Technical Analysis of Gold Price (XAU/USD) Today: ;

During yesterday's trading session, gold futures experienced a sharp decline as US investors returned from the long Memorial Day weekend. While the gold price index is recovering from its weekly gains and showing a notable rise, XAU/USD prices are struggling to maintain the $3300 per ounce resistance level, settling around $3320 per ounce at the time of writing. According to gold trading platforms, gold prices have had a remarkable first half of the year, surging by over 25%. ;

Similarly, silver prices, gold's sister commodity, declined but remained above $33 per ounce. Overall, the price of the white metal has risen this year, achieving gains of approximately 14%. However, silver prices have stabilized this month. ;

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Factors Impacting the Gold Bullion Market ;

Recent trading activity across stock trading platforms shows US stock prices rising at the start of the holiday-shortened trading week, with major indices gaining up to 2.25%. Concurrently, Treasury bond yields fell, while the US dollar made gains. The yield on 10-year US bonds decreased by 7.3 basis points to 4.438%. The US Dollar Index (DXY), which measures the dollar's strength against a basket of other major currencies, rose by 0.43% to 99.54, from an opening level of 99.11. ;

It's well-known that the gold price index is sensitive to interest rate fluctuations, as these can affect the opportunity cost of holding non-yielding bullion. Meanwhile, a stronger US dollar can negatively impact dollar-denominated assets like gold, as it increases the cost for foreign investors to purchase it. ;

Trading Tips: ;

We still favor the strategy of buying gold on dips. ;

Financial markets recently reacted to President Donald Trump's announcement of a delay in imposing a 50% tariff on the European Union, allowing for negotiations between the two economies. Earlier this week, Trump posted on Truth Social: "I was very pleased with the 50% tariff share on the EU, especially since they were 'slow (to put it mildly!)' in our negotiations with them. Remember, I am authorized to 'make a deal' for trade with the USA if we can't strike a deal, or are treated unfairly. I was just informed that the EU has called for meeting dates quickly. This is a positive development, and I hope they finally open up, as I did with China, the doors of European countries to trade with the USA. Both will be very happy and successful if they do!!!" ;

Additionally, Kevin Hassett, Director of the National Economic Council, told CNBC's "Squawk Box" that some trade deals might be announced this week. ;

Hassett added: "we expect we'll probably see more deals this week. Some things are very close to being done. It's up to the president, of course." ;

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Technical Levels for Gold Prices: ;

Based on the daily timeframe chart, gold prices remaining stable above the $3300 per ounce resistance level will encourage bulls to control gold's direction and support an upward surge. The 14-day Relative Strength Index (RSI) is stable above the midline, supporting the bulls' upward momentum. Similarly, the MACD indicator lines are still heading upward. ; ;

Based on current performance, the nearest upward levels will be $3350, $3385, and $3420 per ounce, respectively. From the last level, technical indicators will start moving towards overbought territory. Conversely, over the same period, the $3210 support level will remain a threat to the upward trajectory of gold prices. The market's reaction to the announcement of the Federal Reserve's latest meeting minutes will affect the US dollar's performance and, consequently, the gold market. ;

Ready to trade today’s Gold prediction? Here’s a list of some of the best XAU/USD brokers to check out. ;

Original Source DailyForex.com provides daily fundamental and technical analysis and signals for those looking to trade based on trends in the currency markets.