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HOME > MARKETS > COMMODITIES > GOLD > 2026-05-22
XAUUSDGold (XAU/USD)
4,523.80
-0.35%
DATE: 2026-05-22
SUPPORT:44724411
RESISTANCE:45954656
Past
What happened
Gold consolidated near $4,533 — down $6 on the session — as traders held positioning 18% below the September all-time high, awaiting Fed minutes and Iran clarity.
Why
Why it matters
Rising real yields would normally cap gold, but Middle East risk premium and central-bank buying keep dip-buyers active above $4,500.
Watch
What to watch
$4,500 is the floor pivot. Hawkish Fed minutes plus an Iran de-escalation headline could trigger a flush toward $4,400 tonight.
Past
What happened
Gold slipped to $4,523 for a fifth straight session inside a tight $4,500-$4,540 range; DXY firming back toward 99.34 and the 10y at 4.59% remove the ceasefire-relief tailwind that drove the prior leg.
Why
Why it matters
The post-ceasefire bid has run its course. Without a fresh Iran escalation or a clear yield reversal, gold is positioning-driven, not macro-driven, and ETF flows have flatlined through the week.
Watch
What to watch
21:00 TRT US flash PMI and any Trump weekend Iran comment. Clean break above $4,540 reopens $4,600; loss of $4,500 targets $4,475 into a quiet Asian Monday open.
HEADLINES
2026-05-18ARCHIVE2026-05-25