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Correct
XAUUSD
Entry 3,313.4000 2025-08-20 08:28 UTC
Target 3,332.0000 In 4 Hours
Fail 3,300.0000
Risk / Reward 1 : 1
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Final PnL
0.56%
P/L:
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XAUUSD
Correct
Forex
Technical
1H
Body
Gold (XAUUSD) experienced a crack yesterday, reaching lows around $3310-3311. The speaker identifies $3300 as an important support level referencing a weekly analysis. Today, there was a New Zealand monetary policy decision, a 25 bps rate cut. Britain has CPI data coming out. There's an ECB president speech and crude oil inventories data, and tonight there are FOMC meeting minutes. The analysis gives today's gold support at $3300 and resistance at $3332, with the trend deemed weak. For silver (XAGUSD), yesterday's high is noted, and the price cracked by almost $1. Today's silver support is placed at $36.90 and resistance at $37.60, also with a weak trend. Crude oil's (USOIL) support remains at $61. If USOIL can sustain above $63, a move to $64-65 could occur.
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