XAUUSD Strategy commentary August 22

22 Ağu 2023

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.

22 Ağu 2023

Not

SELL XAUUSD zone 1902 - 1904 (scalping)

Stoploss : 1915

Take Profit 1 : 1897
Take Profit 2 : 1892
Take Profit 3 : 1885