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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)

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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.

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