Will Gold Survive the Chaos? A Tale of Wealth, War, and Madness
In the dimly lit corridors of human folly, a strange illumination shone upon the world on May 12—an act so bizarre, so incandescently absurd, that it nearly defused a trade war more savage than the passions of a Dostoevsky novel. The United States and China, in a moment of shared collective lunacy, decided to shred their tariffs for ninety days—perhaps in a misguided attempt at peace, or merely to amuse themselves in the grand theater of international chaos. Markets, like titillated dogs, wagged eagerly at the news, while gold, that ancient miser, retreated into its dark corner, tumbling to $3121—an insult to its dignity and a whisper of darker things to come. 💸🤡
Table of Contents (as if anyone really reads these):
Oh, the irony! The market’s descent, like a tragic hero into despair, led gold to the humiliating touch of $3121. Such is life—forever retracing the steps of fools and visionaries alike, in a relentless quest to outwit itself. This week, gold seeks to claw back from its fall, attempting to sweep away the late sellers—those hapless souls caught in the whirlwind of greed and panic. Let us dissect the sacred levels—pivot points of hope and despair—guiding the deluded investors through the fog of uncertainty.
Previous week’s forecast recap of crypto.news
Last week, we foretold a significant drop in gold—1420 points to be exact—like a prophet pointing at a storm. And sure enough, the gold’s descent was as dramatic as a Dostoevskian confession, leaving the brave to wonder if salvation or damnation lay ahead. Meanwhile, beneath the chaos, a glimmer of hope appeared—an uptick of 827 points from a major buy zone—spurting like a sarcastic laugh from the universe, mocking all expectations.
And so the game continues—each level a battleground between the foolhardy and the wise, where gold’s fate hangs in a thin thread of hope, or perhaps despair. The question looms: will it rise again or be forever shackled by its past glories? Only time, that relentless tyrant, will reveal the truth.
Key economic events of this week
In the grand theater of economic gossip, not much is scheduled—just enough to keep us tethered to the edge of our seats, trembling with anticipation or dread. On May 22nd, the universe whispers tales of the Flash Manufacturing PMI and Services PMI—statistical echoes that tell us if the economy is sick, dead, or merely pretending to be alive. When these indicators show strength, the dollar shrugs off its gloom, and gold—ever jealous—shrinks in despair. But when they falter, gold smiles, imagining it might have a moment of glory before the inevitable fall. Oh, the cruel comedy! 🤡💥
Gold HTF Overview
Gold, that mysterious creature, has already tested its weekly FVG and—surprise!—closed above it—an act so daring it almost seems like a plea for attention. The next steps lie at $3260 and $3328.86, landmarks of hope or despair from the past. Are we witnessing the ascent of a titan, or merely the echo of a dying cat? Such are the questions that haunt traders dreaming of riches while clutching their mugs of bitter coffee.
Gold Forecast for May 19th to May 23rd
In this week of chaos, gold’s bullish momentum is as stubborn as a Dostoevskian hero—on all lower timeframes, it fights tooth and nail for survival. The smart money (or what’s left of it) should consider the $3129.85-3152.56 zone as a sanctuary for buys—an oasis in the desert of despair.
Meanwhile, on the 4-hour chart, salvation (or damnation) lies around $3098-$3038—where buyers might sneak in, or sellers might take delight in crushing their hopes. The last ditch efforts of the rally rest upon the low of $2956, a point of no return—further past lies only the abyss of doubt and regret. But patience is a virtue, they say, and perhaps the low will hold, or perhaps it will not—such is life, after all.
Looking at higher timeframes, resistance awaits at $3284-$3325—walls of steel built by FVG and structures of yesterday’s hope. To breach these, one must be either brave or utterly deluded—the line is thin, and fate is cruel.
Trading Strategies & Investment Recommendation
Support and resistance—the classic chessboard of fate. Support levels to cling to are at $3098-$3038 and the $3129.85-3152.56 zone; resistance stands firm at $3284-$3325. Like any good tragedy, the game is to sell at resistance and buy at support—if you dare not to be a coward. Mark these on your charts; perhaps they will save your skin—or condemn it.
Read More
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- Clash Royale Best Boss Bandit Champion decks
- CS2 Falcons at Stage 2 of BLAST Austin Major 2025: Mission to survive
- OG and NRG clash at the CS2 BLAST Austin Major 2025 for a St. 2 spot
- BLG vs SEN: VALORANT Masters Toronto results and match recap
- Simply powerful! FaZe are about to crash their way to Stage 3 of CS2 BLAST Austin Major 2025
- Rushing to play big names! Two teams advance early to St. 2 of BLAST Austin Major 2025
- TH vs WOL. The first goodbyes at VALORANT Masters Toronto
- Sentinels vs Wolves: VALORANT Masters Toronto match results and recap
- Team Heretics vs Paper Rex: To kick off VALORANT Masters Toronto 2025
2025-05-19 16:06