XAUUSD – Weekly Outlook | May 19–23, 2025“Sniper Zones Reloaded – Gold Pullback Season or Just a Tease?”
🔍 Macro View:
Gold just closed a massive -3.6% weekly candle off the top at 3435 — a clear sign of rejection from a premium exhaustion zone. After weeks of uninterrupted bullish madness, we finally have signs of cooling. But is it the start of a deeper correction or just Friday’s fade?
➤ Dollar Strength picked up again after UoM Sentiment miss + sticky inflation expectations.
➤ FOMC minutes (Wed) + Unemployment Claims (Thu) = the potential catalysts for the next impulsive leg.
🔄 Weekly Market Structure:
✅ BOS to the upside still valid – no CHoCH printed yet on W1
📍Current candle printed a clear top wick rejection after liquidity sweep
🕳️ Internal structure on LTFs is bearish – signaling potential deeper pullback
🧭 Key Weekly Zones (Sniper-Ready):
Zone Type Price Range Description
🔻 Supply #1 3435–3465 Premium FVG top + rejection wick
🔻 Supply #2 3285–3320 Imbalance left behind on the last push up
🔻 Sell Zone 3210–3240 Mitigated OB, possible retest
🟩 Buy Zone #1 3095–3120 Weekly FVG + Fibo 38.2 retrace
🟩 Buy Zone #2 2980–3030 Unmitigated demand block, old resistance turned demand
🟩 Buy Zone #3 2850–2890 Weekly CHoCH zone & deep Fibo retrace
📈 Fibonacci Extensions (from last major HL–HH):
FE 100% = 3435 ✅ hit
FE 127% = 3580 (remains next upside target IF retracement holds at key support)
FE 161.8% = 3720 (only if we reclaim 3435 cleanly)
🔺 Weekly Bias:
Short-Term: Bearish pullback (especially early week if no bullish LTF CHoCH)
Mid-Term: Bullish continuation still valid if 3090–3120 holds
🧠 Key Notes:
Expect trap zones and tricky NY opens if no clean confirmation
3210 = likely re-entry point for bears if price retraces
3090–3120 = key defensive line for bulls; invalidation of this = possible slide to 2980
If 3435 gets swept again with strength and closes above → bullish continuation unlocked
🧨 High-Impact Risk Events – This Week
📅 Thu, May 22
📉 Unemployment Claims – 2:30pm
📊 Flash Manufacturing & Services PMI – 3:45pm
🏠 Existing Home Sales – 4:00pm
📅 Fri, May 23
📊 New Home Sales – 4:00pm
📑 FOMC Financial Stability Report (tentative)
📌 Gold Weekly Outlook – “Sniper Zones Reloaded 🔫”
After weeks of pure bullish momentum, gold finally showed signs of exhaustion with a clean weekly rejection from the premium zone.
Is this the start of a real pullback? Or just another fakeout to shake out retail before continuation?
We’ve mapped the structure:
🟥 3435 is the stronghold
🟩 3090 is the battlefield
With Unemployment Claims, PMIs, and housing data lined up this week, expect volatility — but don’t force entries.
Trade light. Stay patient. Let the sniper setup come to you. 🎯
🔥 Like & Follow @GoldFxMinds for sniper-level breakdowns
💬 Drop your bias below — correction or continuation? 👇
