Gold prices are softer this week with XAU/USD struggling to shut above a key resistance confluence for over a month now. These are the up to date targets and invalidation ranges that matter on the XAU/USD weekly charts. Review my latestWeekly Strategy Webinar for an in-depth breakdown of this gold price setup and extra.
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Gold Value Chart – XAU/USD Weekly
Notes: In my final Gold Price Weekly Outlook we warned to, “Watch the weekly shut – IF worth fails to carry above the 1522/26 zone, search for weak point again in direction of uptrend development help into the beginning of September commerce.” Value briefly registered a excessive at 1556 this week earlier than turning with XAU/USD poised to mark an outdoor weekly-reversal off recent report highs forward of the New York shut on Friday. Observe that gold has now failed to shut above essential resistance for the…