Categories: Technical analysis

Gold Wave Analysis – 26 August 2025

Gold: ⬆️ Buy

– Gold reversed from the key support level 3315.00

– Likely to rise to resistance level 3450.00

Gold recently reversed up from the key support level 3315.00, intersecting with the support trendline of the daily Triangle from April.

The upward reversal from the support level 3315.continues the active short-term impulse wave iii of the higher order impulse waves 3 and (5), from May.

Given the clear daily uptrend, Gold can be expected to rise to the next resistance level of 3450.00 (the former monthly high from July).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: gold

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