Gold Analysis – 12.Aug.2026
Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that price continued its bullish move after our previous analysis and managed to reach the $4440 region. Currently, Gold is trading around $4414.
The $4435 – $4450 area is a strong supply zone, so I would not be surprised to see another short-term correction from this area before the broader bullish move continues.
The key question now is whether buyers can push Gold back above $4440 and stabilize above this level. If that happens, the bullish structure becomes stronger again.
The nearest supply zones are around $4435 – $4450, followed by $4470 – $4490. On the downside, the nearest demand zones are around $4390 – $4405, followed by $4360 – $4380 and deeper support around $4335 – $4355.
If buyers regain momentum, the next short-term upside targets are $4440, followed by $4450, then $4470, $4485, and potentially $4500.
For now, I expect some correction around the current supply area, but my broader outlook still remains bullish.
(This Post on TradingView)
Author : Arman Shaban
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