$XAU = $Gold : Daily Analysis = 30.08.2021 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #investing

Today’s red candle does not sound any alarm yet. Most likely, gold is taking a pause in its short-term rally. Let’s explore the hypothesis from different angles.


The daily candle is not very bearish. Most likely it is a part of bigger combo that is being developed (such as Raising 3 Methods).
On the other hand, the price, while staying above 8 EMA, was rejected below 200 MA. Indicators point upwards and the odds are close to 50/50.
Odds: Neutral

Tomorrow is the day of monthly candle and I am very curious to know the color and the exact shape of the perspective doji/hammer.


  1. Most likely tomorrow will be a horizontal day.
  2. A closure below $1804 would be a bearish alert.
  3. Gold is expected to continue its short-term rally for a few weeks.
  4. From the long-term perspective, gold is under significant bearish pressure on the quarterly/monthly frames and the decision about further direction is expected by the end of September/Q3.

A more detailed forecast and supporting charts were covered in the Weekly Analysis that is available in full to the subscribers.

If you want to know what is ahead, not behind, follow the blog on Twitter @InvestingAngles or, if you want all posts in your inbox, by email subscription.

Previous Monthly/Weekly Analyses:

%d bloggers like this: