Technical Analysis (Gold) : XAU/USD 26 August 2024

Forex Technical Analysis : XAUUSD (Gold)

Date : 26 August 2024

Momentum : Up

First Scenario : long positions above 2503.89 with targets at 2519.11, 2525.23 and 2531.67

Second Scenario : short positions below 2503.89 with targets at 2494.32, 2486.40 and 2478.20

Comment : There is no clear trend in the price movement.

Supports and resistances :

2531.67 **
2525.23 *
2519.11
2511.58 - Last price
2494.32
2486.40 *
2478.20 **

Warning : This information is not a buy-sell signal.