8.25 Gold and Silver Continue to Look for “<b>duo</b>”
Yesterday, gold overall maintained a choppy but upward-moving rhythm. During the session, it dipped to around 4593, then gained momentum again to push higher, with a high near 4680. The “duo” momentum remains sustained; pullbacks have been limited, with higher lows forming one after another. The “duo” is dominating the price action, and the close stayed within the high-range zone.
On the 4-hour timeframe, the trend leans bullish. However, since price is close to the upper band, there is a short-term need for a corrective pullback after a push higher. It is not advisable to chase directly higher. In terms of execution, priority should be given to waiting for a pullback to support before setting up positions. If price continues to hold above 4680, then consider following the trend.
Trading suggestion: “duo” between 4640-4660. Stop loss: below 4630. Target: 4700 (if it breaks through, look for 4730-4750).
(Individual suggestions are for reference only; everything is subject to the live chart.)#XAU $XAU
Yesterday, gold overall maintained a choppy but upward-moving rhythm. During the session, it dipped to around 4593, then gained momentum again to push higher, with a high near 4680. The “duo” momentum remains sustained; pullbacks have been limited, with higher lows forming one after another. The “duo” is dominating the price action, and the close stayed within the high-range zone.
On the 4-hour timeframe, the trend leans bullish. However, since price is close to the upper band, there is a short-term need for a corrective pullback after a push higher. It is not advisable to chase directly higher. In terms of execution, priority should be given to waiting for a pullback to support before setting up positions. If price continues to hold above 4680, then consider following the trend.
Trading suggestion: “duo” between 4640-4660. Stop loss: below 4630. Target: 4700 (if it breaks through, look for 4730-4750).
(Individual suggestions are for reference only; everything is subject to the live chart.)#XAU $XAU
