GOLD (XAUUSD): Detailed Technical Analysis

١٥ أغسطس

https://www.tradingview.com/x/bAByM5g3/

Gold is currently stuck on a key daily resistance based on the ATH.

Analyzing a price action, I see a clear bullish accumulation:
the price has set three equal highs already, keeping setting the higher lows.

At some moment, we may see a breakout attempt of the underlined
red resistance area.
A daily candle close above that will be an important bullish signal.
It will drive the prices higher, the next goal for the buyers will be a major rising trend line.
From a current perspective, it is 2500 level.

Alternatively, the market may initiate one more correctional movement.
I will post the update if I see any bearish confirmation.

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