🟡 XAUUSD Daily Market Analysis—May 29, 2025

Introduction

In today's analysis, we delve into the current gold market, focusing on the XAUUSD pair, which is trading at 3,273 USD. This comprehensive market analysis will cover both daily and 4-hour time frames, utilizing a range of technical indicators including Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, Weekly and Daily Pivots, Smart Money Concepts (SMC), Support and Resistance Levels, Order Blocks, and MACD.

Market Overview

Current Price:

XAUUSD: 3,273 USD 💰

Swing High and Low:

• Swing High: 3,438 USD 📈

• Swing Low: 3,120 USD 📉
  

Technical Analysis

Support & Resistance Levels

Daily Time Frame:

• Support Levels:

  • 1st Support: 3,200 USD 🔽

  • 2nd Support: 3,150 USD 🔽

  • 3rd Support: 3,100 USD 🔽
    

• Resistance Levels:

  • 1st Resistance: 3,350 USD 🔼

  • 2nd Resistance: 3,400 USD 🔼

  • 3rd Resistance: 3,450 USD 🔼
    

4-Hour Time Frame:

• Support Levels:

  • 1st Support: 3,240 USD 🔽

  • 2nd Support: 3,220 USD 🔽

  • 3rd Support: 3,200 USD 🔽
    

• Resistance Levels:

  • 1st Resistance: 3,300 USD 🔼

  • 2nd Resistance: 3,320 USD 🔼

  • 3rd Resistance: 3,350 USD 🔼
    

Fibonacci Retracement Levels

Using the swing high of 3,438 USD and swing low of 3,120 USD, the Fibonacci retracement levels are as follows:

• 23.6% Level: 3,232 USD 📏

• 38.2% Level: 3,275 USD 📏

• 50% Level: 3,279 USD 📏

• 61.8% Level: 3,308 USD 📏

These levels provide crucial insights into potential reversal points and areas of interest for traders.

Exponential Moving Averages (EMA)

Daily Time Frame:

• EMA 50: 3,250 USD 📊

• EMA 100: 3,230 USD 📊

• EMA 200: 3,200 USD 📊

• EMA 400: 3,175 USD 📊
  

4-Hour Time Frame:

• EMA 50: 3,260 USD 📊

• EMA 100: 3,240 USD 📊

• EMA 200: 3,220 USD 📊

• EMA 400: 3,200 USD 📊
  

The EMAs indicate the trend direction, with shorter EMAs reacting faster to price changes, while longer EMAs provide a smoother view of the trend.

RSI Divergence

The Relative Strength Index (RSI) on the daily timeframe shows a divergence pattern, indicating potential reversal signals. Currently, the RSI is at 58, suggesting that the market is neither overbought nor oversold. However, a divergence between price action and RSI could point towards a weakening trend, warranting caution for bullish positions. ⚖️

Order Blocks

Order blocks are critical areas where institutional buying or selling has occurred. The key order block identified is around 3,250 USD, where significant buying has previously taken place. This level could act as a strong support zone in the event of a price pullback. 🏦

MACD Analysis

The Moving Average Convergence Divergence (MACD) indicator is currently showing a bullish crossover, indicating potential upward momentum. The MACD line is above the signal line, reinforcing the bullish sentiment in the market. 📈

Summary of Key Levels

Daily & 4-Hour Support and Resistance

• Daily Support Levels: 3,200 USD, 3,150 USD, 3,100 USD

• Daily Resistance Levels: 3,350 USD, 3,400 USD, 3,450 USD

• 4-Hour Support Levels: 3,240 USD, 3,220 USD, 3,200 USD

• 4-Hour Resistance Levels: 3,300 USD, 3,320 USD, 3,350 USD
  

Exponential Moving Average (EMA) Levels

• Daily EMA Levels:

  • EMA 50: 3,250 USD 📊

  • EMA 100: 3,230 USD 📊

  • EMA 200: 3,200 USD 📊

  • EMA 400: 3,175 USD 📊
    

• 4-Hour EMA Levels:

  • EMA 50: 3,260 USD 📊

  • EMA 100: 3,240 USD 📊

  • EMA 200: 3,220 USD 📊

  • EMA 400: 3,200 USD 📊
    

Weekly and Daily Pivots

• Weekly Pivots:

  • Pivot Point: 3,275 USD 🔄

  • Resistance 1: 3,300 USD 🔼

  • Support 1: 3,250 USD 🔽
    

• Daily Pivots:

  • Pivot Point: 3,270 USD 🔄

  • Resistance 1: 3,290 USD 🔼

  • Support 1: 3,250 USD 🔽
    

Fibonacci Retracement Levels

• 23.6% Level: 3,232 USD 📏

• 38.2% Level: 3,275 USD 📏

• 50% Level: 3,279 USD 📏

• 61.8% Level: 3,308 USD 📏
  

Fundamental Analysis and USD News

In the upcoming weeks, traders should pay close attention to significant USD news events, including:

• Non-Farm Payroll (NFP) Report: Scheduled for June 7, 2025, this report will provide insights into employment trends, which can impact the USD significantly. 📅

• Federal Reserve Interest Rate Decision: The next meeting is on June 14, 2025, where any changes in interest rates could greatly influence the gold market. 📈

These events are crucial as they can lead to increased volatility in the market, affecting the price of gold and the XAUUSD pair.

Conclusion

In summary, the current analysis of the XAUUSD market indicates a complex interplay of technical indicators and fundamental factors. With key support and resistance levels identified, alongside significant EMA and Fibonacci retracement levels, traders are equipped with the necessary insights to navigate the market effectively. Keeping an eye on upcoming USD news will also be essential for anticipating potential price movements in the gold market. 🔍💼