XAUUSD Strategy commentary August 22
Analysis and signals
XAUUSD
Gold prices consolidate within the range below the $1,900 mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven
XAUUSD
The daily chart of the
XAUUSD
pair shows that the downtrend is still in place.
The 4-hour chart shows that the upside is still limited for
XAUUSD
.
Meanwhile, technical indicators have lost their upward strength and are moving sideways below the moving averages, reflecting the absence of buying power.
XAUUSD
Gold prices consolidate within the range below the $1,900 mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven
XAUUSD
The daily chart of the
XAUUSD
pair shows that the downtrend is still in place. The 4-hour chart shows that the upside is still limited for
XAUUSD
. Meanwhile, technical indicators have lost their upward strength and are moving sideways below the moving averages, reflecting the absence of buying power.
Stoploss : 1915
Take Profit 1 : 1897
Take Profit 2 : 1892
Take Profit 3 : 1885