Gold Analysis – 28.Aug.2026

Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that the previous analysis remains fully valid. Gold has spent some time consolidating without making a major move and is currently trading around the $4598 region.

In my view, this short-term corrective phase is not completely finished yet. I still expect Gold to move a bit lower before the next major bullish wave begins.

The key demand zone remains between $4482 and $4523. As long as the broader structure stays intact, a strong reaction from this area could become the starting point for the next bullish expansion.

After the correction is completed, the upside targets I’m still watching are $4650, followed by $4700, then $4800, $4900, and potentially $5000 in the medium term.

For now, nothing important has changed. The broader trend remains bullish, but I still prefer to see a deeper correction before the next strong move higher.
(This Post on TradingView)

Author : Arman Shaban

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