Gold Analysis – 17.Aug.2026
Gold Analysis: By analyzing the #Gold chart on the 2H timeframe, we can see that price once again followed the expected scenario almost perfectly. Gold first entered a deeper correction and dropped toward the $4310 region, where strong demand stepped in.
After that reaction, buyers regained control and pushed Gold aggressively higher, with price reaching above $4429 so far.
Currently, Gold is trading around $4418 and, in my view, this bullish move still has room to continue.
If buyers maintain momentum, the next upside targets to monitor are $4430, followed by $4450, then $4470, and potentially the major psychological $4500 level.
For now, the bullish structure still looks healthy and the main question is whether buyers can continue defending the recent higher levels. This analysis will be updated as the market evolves.
(This Post on TradingView)
Author : Arman Shaban
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