empty
28.05.2025 06:01 PM
Trading Signals for GOLD (XAU/USD) for May 28-30, 2025: sell below $3,310 (200 EMA - 21 SMA)

This image is no longer relevant

Early in the American session, gold is trading around 3,306 within the bearish trend channel formed on H1 charts since May 23. The yellow metal is likely to continue its bearish cycle in the coming hours if the price consolidates below the 21SMA or below 3,310.

If its bearish cycle continues, we should expect gold to fall below 3,310. Then, it could reach the 6/8 Murray line at 3,281 and even fall to the bottom of the bearish trend channel around 3,270.

On the other hand, if the price consolidates above the 21SMA, the outlook could be positive, and we could buy with targets at the 7/8 Murray line at 3,360.

For confirmation of the bullish cycle, we should expect a break above 3,320. Then, gold could continue rising and reach 3,360 and even climb to the 8/8 Murray at 3,437.

The Eagle indicator is showing a negative signal, so we believe gold could continue falling in the coming days, reaching the level around 3,200.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forecast for EUR/USD on August 29, 2025

On Thursday, the EUR/USD pair rebounded from the 1.1637–1.1645 zone and continued its upward move, as I expected. The rebound from the 76.4% retracement level – 1.1695 worked in favor

Samir Klishi 12:42 2025-08-29 UTC+2

Forecast for GBP/USD on August 29, 2025

On the hourly chart, the GBP/USD pair on Thursday rebounded from the 76.4% retracement level – 1.3482, which allows it to continue rising toward the 100.0% Fibonacci level – 1.3586

Samir Klishi 12:32 2025-08-29 UTC+2

GBP/USD. Indicator Analysis on August 29, 2025

On Thursday, the pair moved upward to the 14.6% level at 1.3527 (yellow dotted line), then went down, closing the daily candle at 1.3508. Today, the pair may begin

Stefan Doll 12:26 2025-08-29 UTC+2

EUR/USD. Indicator Analysis on August 29, 2025

On Thursday, the pair moved upward, tested the retracement level of 76.4% – 1.1697 (yellow dotted line), and then moved down, closing the daily candle at 1.1682. Today, the pair

Stefan Doll 12:20 2025-08-29 UTC+2

Forex forecast 29/08/2025: EUR/USD, GBP/USD, USD/JPY, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:34 2025-08-29 UTC+2

Trading Signals for EUR/USD for August 29-30, 2025: sell below 1.1700 (200 EMA - 8/8 Murray)

Early in the European session, the euro is trading around 1.1657, undergoing a technical correction after reaching the 61.8% Fibonacci retracement. It is likely to continue falling in the coming

Dimitrios Zappas 07:36 2025-08-29 UTC+2

Trading Signals for Gold (XAU/USD) for August 29-31, 2025: sell below 3,417 (21 SMA - 7/8 Murray)

If gold consolidates below the 21SMA at 3,409 in the next few hours, it will be seen as a clear signal to sell, with targets at 3,398 and the 5/8

Dimitrios Zappas 07:35 2025-08-29 UTC+2

EUR/USD Forecast for August 29, 2025

On Thursday, the euro rose by 45 pips. Formally, this rise can be seen as a continued risk-on move (S&P 500 +0.32%), but we are more inclined to interpret

Laurie Bailey 04:48 2025-08-29 UTC+2

GBP/USD Forecast for August 29, 2025

The British pound, once again after the 22nd, reached the target resistance at 1.3525. This level is strong because indicator lines on lower timeframes have approached it, so the pair

Laurie Bailey 04:48 2025-08-29 UTC+2

Trading Signals for Gold (XAU/USD) for August 28-31, 2025: sell below 3,409 (21 SMA - 7/8 Murray)

Early in the American session, gold is trading around 3,409, above the 6/8 Murray level, with the possibility of a continuation of the bullish move that could reach the 7/8

Dimitrios Zappas 17:42 2025-08-28 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.