Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. If we focus on events, there no impacted events to consolidate the Gold prices, due to gas prices rises in several countries, the price trend under pressure to continue the bearish to 1935 and the next pivot level is 1923. Based on Powen speech on the 26th there might chance to take bullish a couple of days.
Trade closed: target reached
1. August - 23rd : USD - PMI
2. August - 23rd : GBP - Composite PMI
3. August - 23rd : EUR - PMI
3. August - 26th Fed Chair Powell Speaks
Price Trend
1. Aug- 22nd - Price continue Bearish. As per the Chart trends and Current scenario in the market it will be downtrend. And first resistance level is 1732 to 1735 and second resistance level is 1721 to 1719.
2. Aug-23rd, i will not do trade and trends consolidates with London & US Sessions.
3. Aug-24th & 25th, we can evaluate and Consolidate the price movements for short entries.
4. Aug-26th after Powell Speech, for couple of days, price take the lead for Uptrend and retrace to 1750 to 1780.
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