May 19–23, 2025

GOLD (XAU/USD)
🔑 Key levels:
Resistance: $3,250 – $3,280

Strong Support: $3,150 – $3,120 | $3,050 (a breakdown could push lower)

🗓️ Important News:
FOMC Minutes (Wednesday, May 21) – market will react to tone regarding inflation and rate policy.

US Manufacturing & Services PMI (Thursday, May 22)

🎯 Strategy:
If gold dips to the $3,120–$3,150 zone, consider short-term buying, targeting a move back to $3,250.

A break below $3,100 may signal a sell opportunity, targeting $3,050 or lower.

A breakout above $3,280 → consider buying the breakout. Avoid trading in the chop zone ($3,200–$3,250) unless clear momentum.

💵 USD Index (DXY)
🔑 Key levels:
Resistance: 104.50 – 105.00

Key Support: 103.20 – 102.80

🗓️ Important News:
FOMC Minutes (high impact)

U.S. Housing data, PMI, Durable Goods Orders

🎯 Strategy:
DXY is showing weakness. A break below 103.20 would suggest further USD weakness → bullish for gold and EUR/USD.

If DXY bounces from 103.20 → short-term recovery likely → possible correction in risk assets.

EUR/USD setup: consider buying on a breakout above 1.1000 targeting 1.1200.

📈 U.S. Stock Indices (S&P 500, NASDAQ)
🔑 Key Levels (S&P 500):
Resistance: 5,300 – 5,350 (near all-time highs)

Support: 5,200 – 5,150

🗓️ Important News:
FOMC Minutes – could cause major volatility

Possible speech from Fed Chair Powell

ETF flows and any remaining earnings reports

🎯 Strategy:
If S&P holds above 5,200 → maintain buy on dips strategy.

A break below 5,150 → opens risk for a deeper pullback toward 5,000.

Maintain long positions as long as markets price in rate cuts in Q3.

✅ Weekly Strategy Summary:
Market Primary Strategy Key Levels to Watch
Gold Buy around $3,120–$3,150 Support $3,120 – Resistance $3,280
USD (DXY) Sell if it breaks below 103.20 Support 103.20 – Resistance 104.50
S&P 500 Buy on dips above 5,200 Support 5,150 – Resistance 5,300–5,350