Gold (XAUUSD) Outlook Signals Weakening Structure And Bearish Continuation Bias

Market Analysis – August 21

Gold (XAUUSD) outlook signals a weakening structure and bearish continuation bias. Gold has been under pressure as recent daily sessions reflect a gradual loss of momentum, aligning with the downward tilt of the Stochastic Oscillator and a flattening 9-day moving average.

Price action has struggled to hold strength above $3,350, with sellers increasingly gaining control at this level. The overall structure suggests that bullish momentum is exhausted, opening the way for a corrective move. From a technical perspective, the market has repeatedly tested the $3,310–$3,300 support zone, failing to reclaim higher ground above $3,380.

Gold Key Levels

Resistance Levels: $3,500, $3,600, $3,750
Support Levels: $3,300, $3,250, $2,960

Gold Long-Term Trend: Bullish

The chart signals a breakdown risk beneath the ascending support trendline, which, if confirmed, could accelerate bearish flows. Previous failed rallies toward $3,420–$3,430 highlight the presence of strong supply overhead, preventing a sustainable breakout to the upside.

Looking forward, a decisive move below $3,300 could lead to further downside toward $3,250, with an extended decline possibly exposing $3,200 as the next demand level. If selling pressure strengthens, a deeper retracement into the $2,960 region remains possible. Unless price action decisively reclaims and sustains above $3,380, the bearish trajectory continues to dominate the outlook for XAUUSD in the near term.

Gold Short-Term Trend: Bullish

Gold (XAUUSD) is displaying bearish momentum on the four-hour chart as price trades below the 9-period SMA. A breakdown beneath the ascending trendline support near $3,310 could increase downside pressure.

The Stochastic indicator leans toward a bearish crossover, reflecting weakening buying interest. If support at $3,300 fails, sellers may push toward the $3,250 zone. For traders, combining technical setups with forex signals may provide better insight into short-term entry and exit points.

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