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28.08.2025 07:57 AM
As long as gold does not fall below 3364.32, the bullish bias remains solid. Thursday, August 28, 2025.

[Gold] – [Thursday, August 28, 2025]

The Golden Cross of the EMA(50) above the EMA(200) and the RSI indicator in the Neutral-Bullish zone indicate that gold has the potential to strengthen today, reaching its nearest resistance levels.

Key Levels

1. Resistance. 2: 3414.50.

2. Resistance 1: 3405.55.

3. Pivot: 3389.41.

4. Support 1: 3380.46.

5. Support 2: 3164.32.

Tactical Scenario

Positive Reaction Zone: If the gold price breaks through and closes above 3405.55, it has the potential to continue strengthening to 3414.50.

Momentum Extension Bias: If the 3414.50 level is successfully broken through and closes above it, gold has the opportunity to test 3430.64.

Invalidation Level / Bias Revision

The upside bias weakens when the gold price weakens and breaks through and closes below 3164.32.

Technical Summary

EMA(50): 3387.46.

EMA(200): 3371.84.

RSI(14): 66.86.

Economic News Release Agenda:

Tonight, several economic data releases will be released from the United States, as follows:

US - Prelim GDP q/q - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Prelim GDP Price Index q/q - 19:30 WIB

US - Pending Home Sales m/m - 21:00 WIB

US - Natural Gas Storage - 21:00 WIB

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