Xauusd price forecast may 2025 futures market open interest increased

Futures market open interest increased to a 7-month high, a signal often preceding price rallies, supportive of a bullish "XAUUSD price forecast May 2025" narrative. A U.S. federal appeals court late Friday ruled that most of President Donald Trump's "reciprocal" tariffs were not supported by current law, raising questions over whether the import levies will remain in place and reviving concerns about trade that had largely subsided in recent weeks. Investors often turn to gold, a traditional safe-haven asset , during times of economic uncertainty. However, failure to hold at US$3,056 invalidates the bullish reversal scenario for an extension of the corrective decline sequence to expose the next medium-term support at US$2,955, and a break below it may see a further drop towards the US$2,833 long-term pivotal support area (also the key 200-day moving average). Geopolitical risks in Eastern Europe and the Middle East continue to underpin demand for safe-haven assets, making the "XAUUSD price forecast May 2025" trend skew toward upside potential.