🪙 Weekly Technical Review & Market Outlook

XAUUSD | 24–28 August 2026

Last week, gold made a strong impulsive bullish move and successfully reached the USD 4,600 level, in line with GS Gold's previous market outlook.

Following this strong upward movement, the next key resistance levels to watch are:

🎯 Resistance 1: USD 4,773

🎯 Resistance 2: USD 4,890

A confirmed breakout above these levels could open the way for gold to move towards the higher USD 4,889–USD 5,220 zone.

📉 MISSED THE PREVIOUS BUYING OPPORTUNITY?

For those who missed the opportunity to accumulate gold at lower prices over the past few weeks, do not chase the price when the market is moving aggressively higher.

Instead, watch for a potential pullback towards the previous Supply Zones, which may now act as Demand Zones / Support Areas:

🟢 Zone 1: USD 4,579– USD 4,539

🟢 Zone 2: USD 4,491 – USD 4,433

These areas may provide another opportunity if gold retraces and shows strong bullish rejection or buying confirmation.

⚠️ DEEPER PULLBACK SCENARIO

If the pullback becomes deeper, gold may potentially retest the USD 4,415 – USD 4,335 zone before attempting its next bullish leg.

🔑 GS GOLD OUTLOOK

The overall momentum has strengthened following last week's impulsive bullish movement.

For the coming week, watch whether gold can:

Hold above USD 4,579 - USD 4,539 → Retest USD 4,600 → Target USD 4,773 → USD 4,890

If price pulls back instead, focus on how buyers react at the identified Demand Zones before considering the next opportunity.

Don't chase the price. Wait for the opportunity.

GS Gold Insights

www.gsgoldwealthcapital.com‍

corporate@gsgoldwealthcapital.com “From Market Insights to Gold Ownership.”

Disclaimer: This analysis is based solely on technical analysis and current market structure. Fundamental developments, geopolitical events, and U.S. economic data releases may significantly influence gold prices. The levels highlighted represent potential technical areas and do not guarantee future price movements.