Gold Price Analysis
Gold price settles at the main bearish trend
Until we get a clearer signal for the next trend, which is located resistance -located now at 1784 - or breaking 1807.
I recommend reading the review i wrote at 11.8.2021
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| XAU USD analysis |
Gold has recovered from the downtrend support and we are looking for a reaction / possible bias in the stretch towards yearly downtrend resistance or that prices are going to achieve lower targets
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| XAU USD technical analysis |
To get approval for the uptrend move, we need to watch what will happen in the resistance prices at 1821-1834, while breaking the support represents at 1730 +_ price the key to resume the main bearish wave and heading to achieving negative targets at 1640 -1580- 1480-1460
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| XAU USD outlook |
On the other hand, I saw something that caught my eye
Pay attention to the position of producers against the positions of non-reporting traders
In April 2019 there was a similar situation - after which, the price started to rise from the 1300 area to the 2060 area - you should pay attention to this!
(But support and approval for this scenario should only come in coordination with approval of breaking the objections I mentioned)
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| XAU USD price |
This review does not include any document and/or file attached to it as advice or recommendation to buy/sell securities and/or other advice
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