đĄ $XAUT TECHNICAL OUTLOOK â 26 AUGUST
Gold remains in a strong bullish structure on the 1H chart, currently trading around $4,658 and consolidating near the highs.
đ Market Structure
Multiple BOS signals confirm continued buyer strength. Price is holding above the key demand zones, keeping the bullish structure intact.
đŻ Key Resistance:
$4,690â$4,700 (marked as the current Weak High)
A clean breakout and acceptance above $4,700 could open the door for another upside move.
đ” Immediate Demand:
$4,600â$4,625
đĄïž Major Demand:
$4,500â$4,525
â ïž What I'm Watching:
Gold is consolidating just below resistance. Rather than chasing the move, I'm watching for either a confirmed breakout above $4,700 or a healthy pullback into demand.
đ„ Overall Bias: BULLISH đą
As long as the key demand zones hold, buyers remain in control.
#XAUUSD #GOLD #TRADING
Gold remains in a strong bullish structure on the 1H chart, currently trading around $4,658 and consolidating near the highs.
đ Market Structure
Multiple BOS signals confirm continued buyer strength. Price is holding above the key demand zones, keeping the bullish structure intact.
đŻ Key Resistance:
$4,690â$4,700 (marked as the current Weak High)
A clean breakout and acceptance above $4,700 could open the door for another upside move.
đ” Immediate Demand:
$4,600â$4,625
đĄïž Major Demand:
$4,500â$4,525
â ïž What I'm Watching:
Gold is consolidating just below resistance. Rather than chasing the move, I'm watching for either a confirmed breakout above $4,700 or a healthy pullback into demand.
đ„ Overall Bias: BULLISH đą
As long as the key demand zones hold, buyers remain in control.
#XAUUSD #GOLD #TRADING