🟡 $XAUT TECHNICAL OUTLOOK — 26 AUGUST
Gold remains in a strong bullish structure on the 1H chart, currently trading around $4,658 and consolidating near the highs.
📈 Market Structure
Multiple BOS signals confirm continued buyer strength. Price is holding above the key demand zones, keeping the bullish structure intact.
🎯 Key Resistance:
$4,690–$4,700 (marked as the current Weak High)
A clean breakout and acceptance above $4,700 could open the door for another upside move.
🔵 Immediate Demand:
$4,600–$4,625
🛡️ Major Demand:
$4,500–$4,525
⚠️ What I'm Watching:
Gold is consolidating just below resistance. Rather than chasing the move, I'm watching for either a confirmed breakout above $4,700 or a healthy pullback into demand.
🔥 Overall Bias: BULLISH 🟢
As long as the key demand zones hold, buyers remain in control.
#XAUUSD #GOLD #TRADING
Gold remains in a strong bullish structure on the 1H chart, currently trading around $4,658 and consolidating near the highs.
📈 Market Structure
Multiple BOS signals confirm continued buyer strength. Price is holding above the key demand zones, keeping the bullish structure intact.
🎯 Key Resistance:
$4,690–$4,700 (marked as the current Weak High)
A clean breakout and acceptance above $4,700 could open the door for another upside move.
🔵 Immediate Demand:
$4,600–$4,625
🛡️ Major Demand:
$4,500–$4,525
⚠️ What I'm Watching:
Gold is consolidating just below resistance. Rather than chasing the move, I'm watching for either a confirmed breakout above $4,700 or a healthy pullback into demand.
🔥 Overall Bias: BULLISH 🟢
As long as the key demand zones hold, buyers remain in control.
#XAUUSD #GOLD #TRADING