Market Overview
Gold surged on August 26, 2025: Spot gold up 0.5% to $3,382.19/oz (highest since August 11), futures up 0.5% to $3,433/oz.
Driver: President Trump's firing of Fed Governor Lisa Cook over mortgage fraud allegations creates uncertainty, boosting gold as a safe-haven. Bob Haberkorn (RJO Futures): “The Fed is the main driver of gold's price action.”
Fundamental Factors
Fed: Chair Powell signals 0.25% rate cut in September 2025 (87% probability, CME FedWatch).
Economic Data: US durable goods orders down 2.8% (July), better than forecast. Await GDP (Aug 28) & PCE (Aug 29).
Gold Appeal: Attractive in low rates and economic uncertainty.
Technical Analysis
Gold hit Order Block (OB) at 339x, retraced to 337x. Bullish above 337x; break below with bad news triggers Bearish.
Key Levels:
Support: 337x, 3353-3357
Resistance: 339x, 3400-3402
Trading Plan (ICT)
BUY Setups
Scalp Buy:
Entry: 3370-3368
SL: 3365
TP: 3378 / 3388 / 3394
Zone Buy:
Entry: 3357-3353
SL: 3346
TP: 3364 / 3373 / 3381 / 3394 / 3402
SELL Setups
Scalp Sell:
Entry: 3387-3389
SL: 3393
TP: 3379 / 3369
Zone Sell:
Entry: 3400-3402
SL: 3410
TP: 3394 / 3384 / 3371 / 3362 / 3350
Gold surged on August 26, 2025: Spot gold up 0.5% to $3,382.19/oz (highest since August 11), futures up 0.5% to $3,433/oz.
Driver: President Trump's firing of Fed Governor Lisa Cook over mortgage fraud allegations creates uncertainty, boosting gold as a safe-haven. Bob Haberkorn (RJO Futures): “The Fed is the main driver of gold's price action.”
Fundamental Factors
Fed: Chair Powell signals 0.25% rate cut in September 2025 (87% probability, CME FedWatch).
Economic Data: US durable goods orders down 2.8% (July), better than forecast. Await GDP (Aug 28) & PCE (Aug 29).
Gold Appeal: Attractive in low rates and economic uncertainty.
Technical Analysis
Gold hit Order Block (OB) at 339x, retraced to 337x. Bullish above 337x; break below with bad news triggers Bearish.
Key Levels:
Support: 337x, 3353-3357
Resistance: 339x, 3400-3402
Trading Plan (ICT)
BUY Setups
Scalp Buy:
Entry: 3370-3368
SL: 3365
TP: 3378 / 3388 / 3394
Zone Buy:
Entry: 3357-3353
SL: 3346
TP: 3364 / 3373 / 3381 / 3394 / 3402
SELL Setups
Scalp Sell:
Entry: 3387-3389
SL: 3393
TP: 3379 / 3369
Zone Sell:
Entry: 3400-3402
SL: 3410
TP: 3394 / 3384 / 3371 / 3362 / 3350
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🔥 Ready to Elevate Your Trading Game?
t.me/+1aSqbdspbEdkYjU9
✅ Dive into in-depth technical & fundamental analysis
✅ Master risk management tips to safeguard your capital
📩 Join our TradingView community now!
t.me/+1aSqbdspbEdkYjU9
t.me/+1aSqbdspbEdkYjU9
✅ Dive into in-depth technical & fundamental analysis
✅ Master risk management tips to safeguard your capital
📩 Join our TradingView community now!
t.me/+1aSqbdspbEdkYjU9
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.