Gold Analysis May 25

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Gold Analysis May 25GoldOANDA:XAUUSDTVS-Trader⭐️Fundamental Analysis Market sentiment remained cautious on Tuesday due to concerns over Trump tariffs and Nvidia's upcoming earnings report. The US dollar continued to hold its strength on risk-off sentiment, limiting gold's gains. However, gold prices remained supported by falling US Treasury yields and rising trade war risks. Bond yields fell on a strong auction and weak PMI data, raising expectations that the Fed will cut interest rates twice this year. Meanwhile, trade tensions escalated as the Trump administration considered tightening controls on chip exports to China. ⭐️Technical Analysis Gold prices are still operating in a wedge of 2928 and 2952. The 2958 zone is also quite easy to create a false ATH. 2968-2970 acts as the most important resistance for Gold at the moment, which is considered the weekly resistance level. Watch out for gold falling, there could be a deep drop to 2906-2900.