XAU/USD | Gold Still Holding Strong, Next Bullish Move Coming?

Aug 10

By analyzing the #Gold chart on the 2H timeframe, we can see that after the previous analysis, price entered a minor corrective phase but managed to remain around the $4365 region and has been trading inside a relatively tight range. In my view, this consolidation looks more like preparation for another bullish expansion rather than weakness.

The first important target is the liquidity resting above the $4380 region. If buyers manage to sweep this area and maintain momentum, the next upside targets to monitor are $4400, followed by $4450, and potentially $4500 in the medium term. For now, my bias remains bullish and I expect Gold to start its next upward move soon. This analysis will be updated as the market evolves.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Aug 11

Trade active

By analyzing the #Gold chart on the 2H timeframe, we can see that price continued its bullish move beautifully after our previous analysis and rallied all the way toward $4435, delivering more than 700 pips of movement. It was a very clean setup and I hope many of you managed to take advantage of it.

After reaching $4435, Gold entered a corrective phase and dropped toward $4356. Currently, price has recovered and is trading around the $4397 region.

The key level to watch now is $4394. If Gold manages to stabilize below this level over the next four hours, we could see another short-term corrective move toward lower levels.

However, if buyers defend this area and price remains above $4394, the bullish scenario stays active and the next major upside targets will be $4450 and then $4500.

For now, the next four hours should give us a much clearer picture of the next move.