XAUUSD Technical Update
Gold is currently trading around 4598 after rejecting from higher levels. Two key zones are in focus for structural development.
Bullish Perspective:
A pullback into the 4560–4550 support, followed by a confirmed technical bounce, could indicate a continuation of the upward structure.
Bearish Perspective:
A recovery into the 4640–4650 resistance followed by a strong rejection could indicate structural weakness and a potential move to lower levels.
Observing market reaction at these specific areas.
August 28, 2026 808
