Gold Price Action Analysis – Gold Market Trend Today

📢Gold Price Action Today – Gold Market Trend Today

🔻 SELL SIGNAL (LOW QUANTITY)
• Sell Entry Range: 3278 – 3283
• Stop Loss: 3317
• Target: 3204
• Current Market Price (CMP): 3373

🔻 SELL SIGNAL (HIGH QUANTITY)
• Sell Entry Range: 3292 – 3297
• Stop Loss: 3317
• Target: 3204
• Current Market Price (CMP): 3373

⚠️ Note: Gold may touch around ₹3395 today. Please trade cautiously.

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🟨 Gold Market Update – May 29, 2025

As of today, May 29, 2025, gold (XAU/USD) is showing signs of consolidation after yesterday’s rally, currently trading around $3,368 per ounce. Prices are holding near a multi-week high, as traders await further cues from U.S. economic indicators and commentary from Federal Reserve officials. (Sources: LHFX, FXStreet)

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📊 Key U.S. Economic Data to Watch Today:

• Initial Jobless Claims (Week Ending May 25):
  Scheduled for release at 8:30 AM ET (5:00 PM IST). A higher-than-expected reading could raise concerns over labor market softness, potentially supporting gold.
• Pending Home Sales (April):
  Scheduled for release at 10:00 AM ET (7:30 PM IST). Weak housing data may dampen sentiment toward the U.S. economy, reinforcing gold’s safe-haven appeal.

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📈 Gold Price Outlook:

Gold remains strong near $3,368, sustaining a bullish bias. Analysts note that a confirmed breakout above $3,370 could open the path toward higher resistance levels at $3,400 and $3,430.
On the downside, key support levels are noted around $3,335 and $3,305. Price movement will likely remain sensitive to today’s macroeconomic data and evolving expectations about Fed rate policy.

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⚠️ Important Note:

Market conditions can shift rapidly, especially in response to economic data or geopolitical developments. Revisions to prior data releases are also common. Traders are advised to monitor real-time updates and consult with financial advisors before making any trading decisions.

⚠️ Disclaimer:
This content is for educational purposes only and does not constitute financial advice. Trading involves risk. Always do your own research and consult with a qualified financial advisor.

Topic Covered:

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