Market Analysis of XAUUSD on Monday 26 August 2024

2024-08-26 15:29Source:BtcDana

Technical Analysis:
XAU/USD is currently trading near a key resistance level, so we'll focus on looking for selling setups, but only after receiving clear confirmation. Until then, we'll wait for the market to make its move, as I anticipate a range-bound session today across various asset classes. It's important to remain cautious and avoid being too aggressive in any market direction. On the other hand, silver continues to show strength and has become even more robust compared to gold, a point I've emphasized multiple times.

Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities

More