Gold XAU/USD (It is getting closer to the strong resistant)

View On Gold XAUUSD (24 Aug 2023)

GOLD is in
* UPtrend in short term (Intraweek)
* Downtrend in Mid term (Intramonth)
* Downtrend in Long term (Last 3 months)

Gold is making a nice pull back UP after the strong sell down recenly.

This breather rally can go up to 1930~1950 region.
So, Gold may go up a little more higher but you need to very careful with adding long.




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Comment:

Update on Gold (31/8/23)

The market is moving as we explained.

1950 shall be on sight now.
The next strong resistant region is 1959~1963.
The price can go to the mentioned levels above.

Since the momentum is strong on the buy side, do not sell at all.