Technical indicators show the 200-day moving average trending upward, suggesting that the "XAUUSD price forecast May 2025" could sustain gains if spot prices stay above $2,300 support. Below, we take a closer look at gold’s chart and use technical analysis to point out key price levels worth watching. The yellow metal extended its bullish impulsive up move sequence in April to record a monthly gain of 5.3% and hit a fresh all-time intraday high of US$3,500 on 22 April 2025. Technical breakout levels in late April could trigger algorithmic buy signals, accelerating gains toward the top end of "XAUUSD price forecast May 2025" projections at $2,