SPDR — the largest gold-backed ETF — has shown clear signs of institutional exit. Between April 30 and May 14, SPDR saw 10 consecutive sessions of net selling, totaling over 18.5 tons of gold offloaded.
📌 Key Selling Days:
May 2: –4.87 tons
May 6: –2.29 tons
May 14: –2.58 tons
📉 Holdings dropped from approximately 948.56 tons → 936.51 tons, a reduction of over 12 tons in just 3 weeks. This confirms that institutional investors are reducing exposure, suggesting declining confidence in gold’s short-term outlook.
🕯 Technical Breakdown
Gold has broken below the 3200 support on the D1 chart, invalidating the key bullish defense zone.
A Double Top pattern is nearly 80% completed, implying a further potential downside.
Momentum remains strongly bearish, making it challenging to time entries unless price pulls back into lower time frame resistance zones.
🧭 Macro Landscape & Pressures
Several macro factors are contributing to the pressure on gold:
U.S. economic optimism is rising
Higher-for-longer interest rate expectations
Sticky inflation, as seen in this week’s CPI report
Today’s events:
PPI data
Speech from Fed Chair Powell
If Powell maintains a hawkish tone, gold could face even more downside pressure during the New York session.
🧠 Smart Money Flow
Big funds are clearly rotating away from gold, reallocating capital to risk-on assets like equities and crypto.
This isn’t just a technical dip — it’s a macroeconomic sentiment shift.
At present, gold lacks institutional support, and this should not be ignored.
🎯 Trading Strategy for May 15
🔴 SELL SCALP
Entry: 3186 – 3188
SL: 3192
TP:
→ 3182 → 3178 → 3174 → 3170 → 3166 → 3160 → 3150 → 3140
🔴 SELL ZONE (High-Probability Area)
Entry: 3226 – 3228
SL: 3232
TP:
→ 3220 → 3216 → 3210 → 3206 → 3200 → 3196 → 3190 → 3180 → ???
🔺 Resistance Zones
3154
3174
3188
3206
3226
3254
⚠️ Key Considerations Today
PPI data and Fed speech will likely cause spikes in volatility
Only consider BUY setups if D1 reversal or high-volume bounce appears
Don’t chase sells — wait for retracements into resistance
🔚 Final Thoughts
“With SPDR dumping gold and key support broken, bulls have lost momentum. As long as price stays under $3200, SELL remains the dominant strategy. A break below $3150 opens up a potential path to $3000.”
📣 Stay connected. We’ll post real-time updates as the US session approaches.
Follow the plan. Trade smart. Protect your risk.
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