GOLD (XAUUASD) Weekly Outlook Aug 19 - Aug 24 with Long term projections

Gold closed the week at 2506.74 with gains of 76.62 USD that includes Friday gains of 50 USD too. Gold achieved all time high based on 2 fundamental reasons (1) Geopolitical tensions escalations (2) expected 1st policy rate cut in September or earlier. 

H4 Chart

No come to the technical, Gold achieved 2510 that was suggested target above 2489/2492. Now as per 4h chart shared above there would be one of two possibilities, either sustained above 2510 and target 2560 - 2587 during coming week or get a rejection from 2510 or making a little upside spike and fall towards 2485 - 2466.

Now I believe any fall towards 2466 would be a good buy opportunity for possible bullish targets 2560 - 2587 during coming week.

For longer term projection 2654 - 2689 - 2743 - 2784 and even 2946 is getting open and could be long term targets. Focus on below chart for long term targets.


Gold long term projections/targets


Comments

Post a Comment

Popular posts from this blog

GOLD (XAUUSD) Morning thoughts Sep 10, 2025

Image
Our yesterday analysis target 3662/3669 done with high 3674.xx ✌💪 Yesterday's Chart Yesterday gold traded between 3620 & 3675 and achieved our target 2669 precisely and perfectly. Gold respected 1st demand zone marked by us at 3628, made a low of 3620 and bounced to 3645 by now. Technically 3673 & 3681 is the range and levels to watch as resistance and potential upside targets. however, 3593 & 3579 is the range to watch as support & expected bottom risk of the day. Fundamentally today around US session at 5:30PM PST August Core PPI & PPI data is going to be released that data has fundamental significance. Core PPI (MoM) — excludes food & energy Expected : +0.3–0.4% Previous (July) : +0.9% Higher-than-expected PPI/Core PPI → inflation fears + stronger USD & yields → gold bearish . Lower-than-expected PPI/Core PPI → weaker USD & yields, dovish Fed bets → gold bullish . XAUUSD/GOLD Chart SEP 10, 2025
Read more

Gold Weekly Outlook (July 22 - July 26)

Image
Gold closed the week at 2398.52 by losing 13.06 USD or 130 pips by achieving new all-time high and our mid-term target 2480 in fast-paced little earlier than expected too. Not only this a rejection on upside around suggested levels 2480/2482 is also witnessed that made a long-tailed rejection sign on weekly charts. Gold 4H Chart Now gold has posted a rejection signal on mid-term target 2480 - 2495 that can be seen as tough resistance for coming week and a fall towards 2356/2349 can be expected that is my weekly target now. If we review daily charts that price tested daily suggested support 2393/2386 with low 2393.xx on Friday where some pause in selling witnessed that can be seen as short covering base pause for now. Failing to hold 2393/2386 can open 2370 initially followed by 2356/2349. On the upside 2339.50 to 2457 range/levels can act as resistance on DTF. In case of any upside movement to that range initially likely to give safe exit & profit taking view for ST traders/investo...
Read more

Gold (XAUUSD) Daily Analysis for Dec 30, 2025

Image
 Gold (XAUUSD) has experienced a significant and sharp bearish impulse, breaking below several key support levels following an extended uptrend. The current price action on the lower timeframe shows a corrective bounce on relatively weaker volume after the strong decline. This bounce is likely a retest of former support, which now acts as resistance, before a probable continuation of the downtrend. The overall momentum is firmly bearish in the short-to-medium term. On the higher timeframe, the chart shows a potential topping formation and distribution phase after a strong rally, followed by a sharp impulsive breakdown. On the lower timeframe, a clear bearish impulse wave has occurred, and the current upward movement appears to be a corrective consolidation or a 'bear flag' type bounce within the established downtrend. Key Levels: Support at 4250.000, Resistance at 4400.000  Risk-Reward: 1:5.0 ratio with 70% success probability Entry Strategy: Execute a SELL order on a retest o...
Read more