Gold Short Term: bullish bias above 3240.00
Aug 27, 2025 1:35 AM
long positions above 3240.00 with targets at 3430.00 & 3500.00 in extension.
Pivot: 3240.00
Our preference:
long positions above 3240.00 with targets at 3430.00 & 3500.00 in extension.
Alternative scenario:
below 3240.00 look for further downside with 3160.00 & 3050.00 as targets.
Comment:
the immediate trend remains up but the momentum is weak.
Supports and resistances:
3600.00
3500.00
3430.00
3389.59 Last
3240.00
3160.00
3050.00
Our preference:
long positions above 3240.00 with targets at 3430.00 & 3500.00 in extension.
Alternative scenario:
below 3240.00 look for further downside with 3160.00 & 3050.00 as targets.
Comment:
the immediate trend remains up but the momentum is weak.
Supports and resistances:
3600.00
3500.00
3430.00
3389.59 Last
3240.00
3160.00
3050.00
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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