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Gold well supported, expect it to test US$3500

Gold well supported, expect it to test US$3500

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By Eamonn Sheridan
21/05/2025 | 21:23 GMT
  • 3 and 12 month XAU/USD forecasts from Stanard Chartered

Via Standard Chartered on gold:

  • Gold remains well supported above its 50-day moving average
  • We expect it to test resistance at US$3,500
  • 3 month forecast is US$3400
  • 12 month forecast is US$3500
standard chartered gold forecast 22 May 2025 2

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