8.27 Gold Morning: spike up then retreat; intraday first look at this line’s gains and losses
Key View: Overnight prices surged to around 4630 and met resistance. This morning saw a modest pullback, and current trading is around 4602. In the near term, direction is biased toward a range-bound correction. The key is the 4605 mid-band area: if it holds, there could be a second push higher; if it breaks, price will look for support lower down.
Gold Trading: Buy on pullback in the 4595–4598 zone.
Targets: First target 4615, second target 4627–4630
$XAU
Key View: Overnight prices surged to around 4630 and met resistance. This morning saw a modest pullback, and current trading is around 4602. In the near term, direction is biased toward a range-bound correction. The key is the 4605 mid-band area: if it holds, there could be a second push higher; if it breaks, price will look for support lower down.
Gold Trading: Buy on pullback in the 4595–4598 zone.
Targets: First target 4615, second target 4627–4630
$XAU
