#Gold Areas of interest for this week [19th August]

As we analyse the current market trends, it is anticipated that there will be a pullback in the price of Gold this week. This pullback presents traders and investors with a strategic opportunity to observe key levels of interest at 2495 and 2480. These levels serve as crucial points of reference for market participants to gauge the potential direction of Gold prices in the near term.

If the price manages to hold above the levels of 2495 and 2480, it is likely that we will witness a bullish momentum pushing the price towards the 2550 mark and potentially even higher. This upward movement could signify a shift in market sentiment towards Gold, indicating a possible bullish trend in the making.

Traders are advised to closely monitor how the price behaves around these levels, as they can provide valuable insights into the strength of the current market trend. Additionally, keeping an eye on key support and resistance levels beyond 2550 can help traders anticipate potential future price movements and adjust their trading strategies accordingly. Chris