--- title: "Commodity Crossings: Metals - Week of May 19, 2025" description: Commodity trading research and insights with resistance and support guidelines, elliot wave analysis, and fibonacci levels. image: https://blog.capitaltradinggroup.com/hubfs/image-png-May-19-2025-04-29-33-2653-PM.png --- - [800 238 2610](tel:800.238.2610) - [Contact Us](https://capitaltradinggroup.com/contact-us) - [Open Account](https://capitaltradinggroup.com/open-account) Toggle navigation [![](https://blog.capitaltradinggroup.com/hubfs/ctg-logo-color-330x57.svg)](https://capitaltradinggroup.com) - About Us - [This is CTG](https://capitaltradinggroup.com/this-is-ctg/) - [Meet Our Advisors](https://capitaltradinggroup.com/meet-our-advisors/) - [Futures Brokerage](https://capitaltradinggroup.com/futures-brokerage/) - [Managed Futures](https://capitaltradinggroup.com/managed-futures/) - [Trading Platforms](https://capitaltradinggroup.com/trading-platforms/) - [CTG Insights](https://blog.capitaltradinggroup.com) - [Resources](https://capitaltradinggroup.com/resources/) ###### May 19, 2025 # Commodity Crossings: Metals - Week of May 19, 2025 Commodity Futures Weekly Newsletter- For the week of May 19th, 2025 Gold futures appear to be in a correction as they continue their pullback.    *To view today's post as a PDF, please use the button below:* [![Download the PDF Version](https://no-cache.hubspot.com/cta/default/3107949/interactive-190327928923.png)](https://blog.capitaltradinggroup.com/hs/cta/wi/redirect?encryptedPayload=AVxigLKg8MYINmRBNks4hvZngnSqYSUSwGv%2Bt1v4IyMr4D5aNNS4HtyBA%2BmgxDB7vDplF0MSF%2F1vP8WWxt17SEKZYSAFbiMo3XCeq75npjU63G91G%2Bk%2B0OVLlq%2BSJVrzrNm65Pyo2GB63j0Xwky2nFs3cFfWWkr4gQMaduds8gyeDlLl9nS0kfg8yeiZVJqa3oUp9HDvsEmBo%2BuILGsdWrdxJyjjGg%2Fhy5MGChX4T42V7bxONf5XfpS%2Fop0heUIKjS1%2Fhu0LX4hjqG9qS%2FX%2FYLJJc%2FbsWpo%3D&webInteractiveContentId=190327928923&portalId=3107949) *A publication by the Research Team at Capital Trading Group: 800-238-2610* Metals Gold Futures Gold Futures continue to pullback. ![](https://blog.capitaltradinggroup.com/hs-fs/hubfs/image-png-May-19-2025-04-29-33-2653-PM.png?width=620&height=394&name=image-png-May-19-2025-04-29-33-2653-PM.png)   Gold Futures appear to be in a correction to retrace Wave 3 in an eventual Wave 4. Until prices retrace to below 3,111.90, it is too early to be confident Wave 4 is in progress. This week price reached a low of 3,123.30, before settling at 3,205.30. Trend Channel resistance remains intact Gold Futures closed another week again below Trend channel Resistance. It would take a weekly close above the all-time high of 3,509.90 to keep Wave 3 up in progress. Without that occurrence again this week, prices remain in a position to continue the awaited pullback. The evidence that Wave 3 is mature has been stated. Prices nearly reached the 3.618x Fibonacci Extension target of 3,513.50, stalled at Trend Channel Resistance and have closed now 3 consecutive weeks below Trend Channel Resistance. RSI also reached an Overbought condition and there is a small divergence between the two most recent highs. Despite those observations, until prices retrace to below 3,111.90, taking back 23.6% of the Wave 3 gains, it is too early to be confident Wave 4 is in progress. Fibonacci Supports for a retracement are at 3,111.90 & 2,865.70 Repeating, a very shallow correction would retrace 23.6% of the gains in Wave 3 from the Wave 2 low of 1,823.50. This is listed on the chart at 3,111.90. A deeper Wave 4 correction would retrace 38.2% of the gains in Wave 3. This projects to 2,865.70 and is also listed on the chart. This 38.2% Fibonacci retracement level is a more standard measure for 4th Wave retracements and aligns well with current Trend Channel Support. Conclusion Continue to prepare for a deeper correction in an eventual Wave 4. A sideways to lower correction in Wave 4 would precede eventual new highs. A simple A,B,C decline as a zig zag or a more sideways Bullish triangle are Wave 4 candidates. If Gold Futures were to close a Daily session over 3,509.90, prior to reaching 3,111.90, then 3,802.10 would become the Fibonacci Extension target, at 4.236x the length of Wave 1 in a persistent Wave 3. A drop below 50 in RSI, currently at 63.52, would add weight to the proposed Wave 4 scenario.     --- For complete strategies in Futures and Option pricing to potentially capitalize on this analysis, call 800- 238-2610 to speak to a registered broker with Capital Trading Group or request more information on how to get started via email sent to info@capitaltradinggroup.com. Thank you! *Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be* *relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and* *options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. 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