08/26/2026
XAU/USD Daily Outlook 📊🥇
Gold remains bullish — but momentum is getting stretched.
XAU/USD is trading around $4,621, holding above the 20 EMA at $4,411 and the 38.2% Fibonacci level at $4,580, keeping the near-term structure positive.
📈 Key Resistance
• $4,775 — 50% Fibonacci
• $4,970 — 61.8% Fibonacci
• $5,248 — 78.6% Fibonacci
• $5,601 — Cycle High Reference
📉 Key Support
• $4,580 — 38.2% Fibonacci
• $4,411 — 20 EMA
• $4,338 — 23.6% Fibonacci
⚠️ Momentum Watch: RSI is near 68.8, approaching overbought territory. This means bullish momentum remains strong, but traders should also be prepared for short-term consolidation or a pullback.
🇺🇸 What could move Gold next?
US Core PCE inflation and the upcoming Jackson Hole speech on August 28 could provide fresh clues about the Federal Reserve’s policy outlook.
Our view:
As long as Gold holds above $4,580, the bullish structure remains intact. A sustained break above $4,775 could shift focus toward $4,970.
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