XAUUSD Strategy commentary August 22
Updated
Analysis and signals 
XAUUSD
Gold prices consolidate within the range below the $1,900 mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-havenXAUUSD
The daily chart of theXAUUSD pair shows that the downtrend is still in place.
The 4-hour chart shows that the upside is still limited forXAUUSD .
Meanwhile, technical indicators have lost their upward strength and are moving sideways below the moving averages, reflecting the absence of buying power.
XAUUSD Gold prices consolidate within the range below the $1,900 mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven
XAUUSD The daily chart of the
XAUUSD pair shows that the downtrend is still in place.The 4-hour chart shows that the upside is still limited for
XAUUSD .Meanwhile, technical indicators have lost their upward strength and are moving sideways below the moving averages, reflecting the absence of buying power.
Note
SELL XAUUSD zone 1902 - 1904 (scalping)Stoploss : 1915
Take Profit 1 : 1897
Take Profit 2 : 1892
Take Profit 3 : 1885
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