📊 Gold (XAU/USD) Technical Analysis – August 11, 2025
As anticipated in my previous analysis, gold dropped precisely from the midline of the channel and the descending trendline, showing a strong bearish rejection. Currently, the price is hovering near the $3,338 support.
🔹 Bullish Scenario:
If this support holds and we see strong bullish confirmation candles, gold could start a rebound. The first upside target is $3,359, followed by $3,370 and $3,375, which aligns with the broken ascending pink trendline, suggesting a potential pullback retest. If this level is broken, the next target will be the descending blue trendline.
🔹 Bearish Scenario:
If the $3,338 support breaks, the next key level to watch is $3,332, followed by $3,312 and finally the channel bottom support.
📌 Summary:
Gold is now at a critical decision point. Watch for confirmation signals at $3,338 to determine whether we get a bullish pullback or further downside movement.
As anticipated in my previous analysis, gold dropped precisely from the midline of the channel and the descending trendline, showing a strong bearish rejection. Currently, the price is hovering near the $3,338 support.
🔹 Bullish Scenario:
If this support holds and we see strong bullish confirmation candles, gold could start a rebound. The first upside target is $3,359, followed by $3,370 and $3,375, which aligns with the broken ascending pink trendline, suggesting a potential pullback retest. If this level is broken, the next target will be the descending blue trendline.
🔹 Bearish Scenario:
If the $3,338 support breaks, the next key level to watch is $3,332, followed by $3,312 and finally the channel bottom support.
📌 Summary:
Gold is now at a critical decision point. Watch for confirmation signals at $3,338 to determine whether we get a bullish pullback or further downside movement.
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.
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.