XAUUSD Good afternoon, traders!. Update XAUUSD 2H 24/05/2025Price has successfully broken the major downtrend line, indicating a possible shift in market sentiment. As long as the price holds above the Buyer Zone (3343–3360), the bullish structure remains intact.
However, if selling pressure increases, the market may revisit the next Demand Zone at 3279–3245.
Key Levels to Watch:
Buyer Zone (Supply Flip): 3343–3360
Demand Support Zone: 3279–3245
Target Zones: 3365 (1.0), 3389 (1.272), 3419 (1.618)
Price remains supported by FVG zones and structural breakout, but confirmation is needed upon retest.
📅 Key Fundamentals Next Week:
U.S.–EU trade tensions could spark increased gold demand.
U.S. ISM Manufacturing & Construction Spending data expected — volatility likely.
Fiscal concerns in the U.S. may further support safe-haven flows to gold.
Note
Stay safe and trade according to your plan and risk-reward strategy.Disclaimer ON!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.