Gold Spot / U.S. Dollar
Long

XAUUSD OUTLOOK - August 10 2024

126
We have observed a significant retracement of our initial sell-off of the commodity. Now, following the completed fib retracement we are looking to new areas of play where all possibilities are likely to be towards a new ATH, considering the recent news events concerning the USD and gold.

- Short considerations can be made at 2450, 2460~2480s
- Long considerations can be made 2400s, 2410~2420s

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.