Commodity 2.00
Posted August 19, 2026

Gold

Buy
BUY
Entry Price
4340.0000

Signal Details

Direction
Buy
Entry Price
4340.0000
Risk: Reward
1:1

Trade Levels

Stop Loss
4295.0000
Take Profit 1
4365.0000
Take Profit 2
4385.0000

Technical Chart

Market Analysis

The gold price has slightly recovered after the pullback. The precious metal is hovering just above $4,350, trapped between strong resistance at $4,378 and support at $4,311—a pivotal zone that could trigger a deeper correction or an energetic rebound.

Key Indicators

  • The $4,300 support zone is crucial for the upcoming sessions held last week. The zone represents a significant support level for this week.

  • Despite the overall momentum remaining bearish, technical indicators on the 1-hour chart suggest the price is in a short-term recovery from the recent decline.

Fundamental Context

The gold price remains soft ahead of the FOMC meeting minutes. Meanwhile, geopolitical developments in the Middle East and concerns about inflation continue to be the main factors influencing market activity this week.

Risk Alert

Technically, the immediate outlook is slightly neutral now, as it seems the bulls are not ready to push the metal lower.

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