Gold Analysis – 31.Aug.2026
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, Gold continued its corrective move and dropped as low as $4395, filling a large portion of the FVG we had been monitoring.
Currently, Gold is trading around $4434 and buyers have started reacting from the lower levels. In my view, the broader structure is still bullish and I am now mainly looking for the next BUY scenario.
There are two scenarios I’m watching.
The first scenario is that Gold starts recovering directly from the current area. In that case, a reclaim above $4450 – $4451 would be the first positive confirmation, opening the way toward $4470, $4500, $4523 and then $4550.
The second scenario, which is also very possible, is one more liquidity sweep toward the $4378 – $4395 demand area before buyers step in more aggressively. If Gold reaches this zone and reacts positively, I would consider it a very interesting area for the beginning of the next bullish leg.
The important demand zones are around $4378 – $4395, followed by $4335 – $4355 and then the deeper $4310 – $4325 area.
On the upside, the closest supply zones are around $4450 – $4470, followed by the important $4482 – $4523 region, which previously acted as demand but now needs to be reclaimed. Above that, the next supply areas are around $4550 – $4580 and $4610 – $4630.
We should also remember that the aggressive recent sell-off created a fresh FVG above the current price. In my view, Gold could soon start recovering to rebalance that inefficiency.
If buyers regain control, the upside targets I’m watching are $4450, $4470, $4500, $4523, $4550, $4580 and eventually $4600.
For now, my main scenario is BUY, but I would not be surprised to see one final sweep toward $4378 first. As long as the broader bullish structure remains intact, I still expect the next significant move to be higher.
This analysis will be updated as the market evolves.
(This Post on TradingView)
Author : Arman Shaban
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