📊 Market Developments:
On August 26, 2025, gold dropped to a low of ~$3,351.44/oz before sharply rebounding to ~$3,386.49/oz in the same session. The rebound was fueled by a weaker USD after President Trump dismissed Fed Governor Lisa Cook, boosting safe-haven demand. At the same time, dovish signals from the Fed reinforced rate cut expectations, further supporting gold.
📉 Technical Analysis:
• Key Resistance: ~$3,385–3,390
• Nearest Support: ~$3,350–3,352
• EMA 09: Price is trading above EMA 09, showing bullish momentum remains intact.
• Candlestick / Momentum: Strong bullish candle formed from ~$3,352, supported by positive RSI and MACD, confirming active buying pressure.
📌 Outlook:
Gold is likely to continue rising in the short term if it stays above 3,350–3,352 and successfully breaks 3,385–3,390, opening the way toward 3,400–3,410. A break below 3,350 could trigger a correction back to 3,330–3,340.
💡 Suggested Trading Strategy:
🔺 BUY XAU/USD at: 3,352–3,355
🎯 TP: 40/80/200 pips
❌ SL: 3,349
🔻 SELL XAU/USD at: 3,387–3,390
🎯 TP: 40/80/200 pips
❌ SL: 3,393
On August 26, 2025, gold dropped to a low of ~$3,351.44/oz before sharply rebounding to ~$3,386.49/oz in the same session. The rebound was fueled by a weaker USD after President Trump dismissed Fed Governor Lisa Cook, boosting safe-haven demand. At the same time, dovish signals from the Fed reinforced rate cut expectations, further supporting gold.
📉 Technical Analysis:
• Key Resistance: ~$3,385–3,390
• Nearest Support: ~$3,350–3,352
• EMA 09: Price is trading above EMA 09, showing bullish momentum remains intact.
• Candlestick / Momentum: Strong bullish candle formed from ~$3,352, supported by positive RSI and MACD, confirming active buying pressure.
📌 Outlook:
Gold is likely to continue rising in the short term if it stays above 3,350–3,352 and successfully breaks 3,385–3,390, opening the way toward 3,400–3,410. A break below 3,350 could trigger a correction back to 3,330–3,340.
💡 Suggested Trading Strategy:
🔺 BUY XAU/USD at: 3,352–3,355
🎯 TP: 40/80/200 pips
❌ SL: 3,349
🔻 SELL XAU/USD at: 3,387–3,390
🎯 TP: 40/80/200 pips
❌ SL: 3,393
Trade active
Gold spiked to 3379 before quickly pulling back to 3369, indicating strong selling pressure and a potential short-term downside move.Trade closed: target reached
In short: Gold is still sideways. We need a breakout above 3380 (bullish) or below 3370 (bearish) to confirm the next short-term direction.
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📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Forex | Gold | Crypto Market Insights & Signals
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.