Hello guys. My personal opinion for the upcoming trend this week is gold and I have marked areas according to the entry strategy and I will definitely send screenshots of the entry points. Good luck.
But can it can go down soon I think.
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Gold Retreats as Dollar Finds Support (08.26.2025)
Gold hit a two-week high near $3,385 in early European trade Tuesday, lifted by concerns over Fed independence after Trump claimed he was dismissing Fed Governor Lisa Cook. Growing expectations of rate cuts also boosted demand for the metal, which benefits when yields fall. Traders now await US data, including Consumer Confidence, Durable Goods Orders, and the Richmond Fed Index, followed by Q2 GDP and July’s PCE inflation data later this week. Stronger growth or higher inflation could strengthen the dollar and cap gold’s upside.
Gold faces resistance at $3,403, with support at $3,351.
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Gold Retreats Before GDP and PCE
Gold slipped to $3,390 in early European trading Thursday, retreating from a three-week high near $3,400 as the U.S. Dollar firmed and profit-taking set in. Still, demand lingered amid Fed independence risks after Trump moved to dismiss Governor Lisa Cook. Investors now focus on Thursday’s U.S. Q2 GDP, expected at 3.1% annualized, followed by Friday’s PCE inflation data. Stronger readings could strengthen the Dollar and curb gold’s upside.
Resistance stands at $3,408, with support at $3,351.
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