Gold Price Forecast for Next Week (25th - 29th May 2026)

| Support 2 | Support 1 | Current GOLD CMP | Resistance 1 | Resistance 2 |
|---|---|---|---|---|
| 152,256 | 156,252 | 158,588 | 160,378 | 163,500 |
Comex Gold prices hovered above $4,500 per ounce on Friday, and closed for a second straight weekly decline as mixed signals over US-Iran peace negotiations kept investors cautious. Tehran said the latest US proposal had narrowed differences, but tensions remained after reports that Iran's Supreme Leader ordered enriched uranium stockpiles to stay within the country. Persistent geopolitical tensions and inflation concerns increased expectations of a Federal Reserve rate hike, with markets pricing a 55% chance of a 25-bps hike by October. On the data front, Inflation and its impact on household earnings and spending will tested in the US with the income and outlays report, which features the PCE inflation gauge. However, market sentiment remains cautious as the Trump administration preparing for a fresh round of military strikes against Iran, even as indirect diplomacy continues over the longer-term standoff.
Gold price has remained stable over higher levels, traded back & forth in past week however managed to settle on a positive note at 158,588. Gold price has continued to incline in a Rising channel, ssustaining over its key moving averages i.e. 20, 50 and 100-DEMA levels placed at 156239, 153853 and 149263 respectively. Daily SAR is also placed at 152,256, which will be crucial support to look for. In previous week's momentum, price has found hurdle over 160,378. Since the expiry is nearby, we can observe a marginal decline in Ol levels to 5600 lots with recent price consolidation in June contract. If the price fall below the support level will significant rise in Ol level from bottom, it will boost the downside momentum and fresh selling into Gold. RSI levels remained around 60 on Daily as well as Weekly chart. Here, on Daily MACD, we can observe a decline in positive histograms along with convergence on MACD lines above zero-line, sugggesting early signs for bearish biasness in Gold in upcoming sessions.
The overall trend in Gold price is expected to be Sideways-to-Bearish in the coming week, and traders should keep an eye on key US economic data such as Prelim GDP, Core PCR price index, Home sales, Consumer confidence and Unemployment claims which are scheduled to be in next week.
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Prediction given by Technical Research Team - Choice.
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