empty
 
 
26.08.2025 06:29 AM
Trading Signals for GOLD for August 26-29, 2025: buy above $3,371 or sell below $3,365 (5/8 Murray - 21 SMA)

This image is no longer relevant

Gold is undergoing a technical correction after bouncing strongly above the 200 EMA during the American session, reaching a high of 3,385.

Gold is likely to continue rising in the coming hours. If it consolidates above 3,371, it could reach the 6/8 Murray level at 3,398.

On the other hand, a consolidation below 3,370 could be seen as an opportunity to enter short positions with targets at the 200 EMA around 3,345.

Additionally, if a sharp breakout of the downtrend channel occurs, we could expect gold to reach the 1/8 Murray level around the psychological level of $3,300.

The Eagle indicator is reaching oversold levels, so technically, the selling opportunity lies if the gold price remains below the 5/8 Murray level at 3,378.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback