06/05/2026
π Welcome back to FX Tech Academy β Master the Future of Trading!
In this week's market analysis, we break down everything that moved Gold (XAU/USD) and the US Dollar (DXY) during the week of April 27 to May 5, 2026.
π WHAT WE COVER THIS WEEK:
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Weekly Gold Price Summary β Open: $4,681 | High: $4,720 | Low: $4,520 | Close: ~$4,545
β
US Dollar (DXY) Trend β Bullish consolidation above 98.00
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Key Market Drivers β Fed Hawkish Hold, Strait of Hormuz Crisis, WTI Oil surge, 10Y Yield at 4.42%
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Major Economic Data β PCE 3.5% YoY, GDP 2.0%, Jobless Claims at historic lows
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Forex Market Impact β EUR/USD, GBP/USD, AUD/USD, USD/JPY weekly review
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Weekly Bias Conclusion β BEARISH Gold | BULLISH USD | Key Watch Level: $4,400
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Next Week Outlook β US NFP (May 9) + Strait of Hormuz Developments
π KEY LEVELS TO WATCH:
π΄ Resistance: $4,700 β $4,800
π’ Support: $4,400 β $4,500 (CRITICAL)
β οΈ Major Support: $4,200 β $4,300
π° THIS WEEK'S TOP NEWS:
π₯ US-Iran conflict escalates β Strait of Hormuz blockade threat
π΅ FOMC holds rates at 3.50β3.75% with hawkish dissent (4 members)
π’οΈ WTI Crude surges above $110/barrel
π US 10-Year Treasury Yield rises to 4.42%
π PCE Inflation hits 3.5% β highest since May 2023
π Jobless Claims: 189,000 β lowest since September 1969
β οΈ DISCLAIMER: This video is for educational and informational purposes only. It does not constitute financial or investment advice. Trading involves significant risk. Past performance is not indicative of future results.
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