📊 Gold Technical Analysis (Daily & 15-Min Timeframes)
Gold prices have recently experienced sharp volatility, printing a fresh multi-week high at 4435 before undergoing a steep correction toward the 4360 levels.
🔍 Technical Outlook & Key Scenarios:
📈 The Bullish Scenario (Primary Trend):
Key Support Level: The 4343 zone currently acts as a strong pivot support.
Strategy: Looking for buying opportunities around this support (4343), targeting a breakout above the previous peak of 4435 and sustaining further upside.
Daily Chart Outlook: On the daily timeframe, Gold successfully breached the major resistance zone at 4327 three days ago. This breakout technically paves the way for medium-to-long-term targets starting at 4500, 4600, and 4700, with an ultimate extended target of 5100.
📉 The Bearish Scenario (Short-Term Scalp):
Trigger Condition: A confirmed break below the 4343 support with a 15-minute candle close beneath this level.
Strategy: If this break occurs, the outlook shifts to a short-term, quick-scalp sell setup.
⚠️ Risk Factors & External Drivers:
Please note that this technical outlook remains valid under stable market conditions. This analysis could be completely invalidated or altered by:
Sudden escalation in geopolitical news.
Any critical developments or security updates regarding the Strait of Hormuz.
August 11, 2026 43
