Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
Weekly Special Report: Gold
GEOPOLITICS: MIDDLE EAST WAR
- BREAKING (MAY 25): U.S. AND IRAN MOVE CLOSER TO PEACE DEAL. According to Reuters, the U.S. and Iran have drafted a non-binding memorandum of understanding that would extend the current ceasefire by 60 days while negotiations continue toward a permanent deal. It has not yet been signed and is still awaiting Iranian approval. According to the U.S. Secretary of State, finalizing a deal may take a few days.
Source: Reuters, Tasnim News Agency
EVENTS:
- THURSDAY, MAY 28 AT 13:30 GMT+1: U.S. CORE PCE PRICE INDEX (APRIL). The Core PCE Price Index is the Federal Reserve’s preferred inflation measure and will be closely watched for signals on future monetary policy. Lower than expected inflation could increase expectations of a looser monetary policy, potentially weaken the U.S. dollar and support gold prices.
- THURSDAY, MAY 28 AT 13:30 GMT+1: U.S. GDP (QoQ) (Q1 PRELIMINARY). This report will provide insight into the strength of the U.S. economy during the first quarter. A weaker growth reading could raise concerns about slowing economic activity and increase expectations of a looser monetary policy, potentially supporting gold prices.
- FRIDAY, JUNE 5 AT 13:30 GMT+1: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (MAY). Markets will closely watch the U.S. labor market data for further signals on the strength of the economy and the outlook for Federal Reserve policy. The unemployment rate has remained elevated around 4.3% in recent months, and any softer labor market data could increase expectations of a looser monetary policy, potentially weaken the U.S. dollar and support gold prices.
PRICE ACTION
- GOLD PRICE HIT A NEW ALL-TIME HIGH ON JANUARY 28, 2026 ($5,597.41). Gold price currently trades at around $4,490, and if it fully recovers to its previous all-time high, it could see an upside of around $1,100. However, the price could also decline.
- FORECAST: Wells Fargo forecasts $6,100; Bank of America forecasts $6,000; Goldman Sachs forecasts $5,400; Morgan Stanley forecasts $5,700; UBS forecasts $5,600; JPMorgan forecasts $6,000; Deutsche Bank forecasts $6,000; Societe General forecasts $6,000.
TECHNICAL ANALYSIS
- SUPPORT AREA: $4,500 - $4,400. Gold recently pulled back toward the key support zone between $4,500 and $4,400, which could continue to act as short-term support. However, a sustained break below this range may signal further downside risk.
- LONG-TERM UPTREND: Gold continues to trade within a broader long-term uptrend supported by the rising black trendline. Despite recent volatility, prices remain up around 4% since the beginning of 2026 and approximately 71% since January 2025, highlighting the strength of the longer-term bullish trend. However, gold could still experience a downward correction.
GRAPH (Daily): March 2025 – May 2026
Please note that past performance does not guarantee future results
Gold, May 27, 2026
Current Price: 4,490
Example of calculation based on weekly market trend for 1.00 Lot1
|
GOLD
|
|
Pivot Points
|
Resistance 3
|
Resistance 2
|
Resistance 1
|
Support 1
|
Support 2
|
Support 3
|
|
Profit or loss in $
|
31,000
|
21,000
|
11,000
|
-9,000
|
-11,500
|
-14,000
|
|
Profit or loss in €²
|
26,627
|
18,038
|
9,448
|
-7,730
|
-9,878
|
-12,025
|
|
Profit or loss in £²
|
23,064
|
15,624
|
8,184
|
-6,696
|
-8,556
|
-10,416
|
|
Profit or loss in C$²
|
42,865
|
29,037
|
15,210
|
-12,445
|
-15,901
|
-19,358
|
- The above calculations are made based on 1.00 lot which is equivalent of 100 units
- Calculations for exchange rate used as of 09:40 (GMT+1) 27/05/2026
You can use risk management tools such as Stop-Loss and Take-Profit.