Gold‘s on a wild ride, folks. Retraced below $3336? Of course it did. Now it’s clinging to $3350 like a toddler to a candy bar, eyeing $3380 like, “Meh, why not?” And $3400? That’s the “let’s pretend this isn’t a bubble” level. 🤷♂️
- Gold’s target list: $3380, $3400, and then… *gasp*… $3500 (new ATH). Because why aim low when you can crash hard? 🌟
- This week’s FOMC minutes, unemployment claims, and Powell’s Jackson Hole speech? It’s like a drama series where the Fed’s dialogue is 90% buzzwords and 10% actual plans. Dovish? Gold could moon. Hawkish? Buckle up for a bear plunge. 🏹
- Resistance? $3420-3440 (4H supply). Support? $3314-3281 (daily support) and $3334-3326 (15m FVG). Basically, a game of hot potato with your savings. 🎲
- Short-term sells at resistance? Sure. But long-term bias says “buy the dip.” Classic crypto advice, but with gold. Why not? 🤡
Table of Contents
The bias in gold this week? “Buy, baby, buy!” Targets? $3440 and $3500. Because nothing says “smart move” like chasing all-time highs while the Fed plays 20 questions. 🤔
Key economic events of this week
U.S. economic reports this week? More like a reality show where the Fed’s moves are scripted but we’re all live. 🎤
Aug 20 – FOMC Meeting Minutes
If the minutes are more hawkish than a barbecue, gold might take a nosedive. Dovish? Maybe we’ll all retire early. Or not. 🤞
Aug 21 – Unemployment Claims & PMIs
Higher unemployment? Great! More gold buyers! Manufacturing PMI below 50? Hooray! Services PMI killing the USD? Uh-oh. It’s a party with mixed drinks. 🍸
Aug 22 – Powell Speech & Jackson Hole Symposium
Powell’s tone? The main event. Dovish? Gold could moon. Hawkish? Enjoy watching your portfolio scream. 🎤🔥
Gold HTF Overview
Monthly timeframe? Still trending upward like a stubborn toddler. External liquidity? Let’s just say it’s not exactly a secret. 📈
$3440 and $3500? The roadmap to financial euphoria-or a midlife crisis. 🚀
Gold forecast for August 18th to August 22nd, 2025
4h chart: $3420-3440 is the “sell zone.” If gold dares to pump there, short it like your job depends on it. (It does.)
Daily timeframe: $3314-3281 is the “buy zone.” Because nothing says “safe” like buying at support levels. 🛡️
15m chart: $3334-3326 is the “FVG range low.” Because short-term traders live for these moments. 🕒
Trading Strategies & Investment Recommendation
Gold this week? A buffet of buys and sells. Lower timeframes scream “sell!” Higher ones whisper “buy!” Classic chaos. 🌀
Resistance Levels
- $3420-3440 – 4h supply. Sell here or cry later. 🛑
Support Levels
- $3314-3281 – daily support. Buy here or question life choices. 💭
- $3334-3326 – 15min FVG. For the short-term thrill-seekers. 🎢
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2025-08-19 15:36