Gold Gold Daily Video, August 25, 2023

[Sive Morten]

Good morning,

We have bearish B&B "Sell" pattern on daily Gold. But, intraday performance doesn't look bearish, at least for now. We call to be careful with taking any new short positions:

 

[davedubai]

The support near 1906 before next leg up ? Though its not a prefect inverted H & S.

 

[Brett Reynolds]

Gold somewhat in 'No Mans Land' at the moment. With further Inflation looming' it's trying to go higher' and push back towards the $2000 Barrier..but other forces are trying to push it lower.
For me..i would need to see Gold hold 'above $1923 area...on Daily even weekly chart' to consider long entry! . Silver chart is more interesting and could offer opportunity above $25..!?