Gold Analysis for August 21, 2026

[OveFinance]

Gold Analysis for August 21, 2026​

Gold followed the previously anticipated scenario and tested the 1/2 zone, subsequently rallying on news regarding bond buybacks. Effectively, this marks the initiation of quantitative easing, and the 5.30% yield level on 10-year Treasuries is proving painful for the U.S. economy.

Technically, we have covered exactly one and a half standard margin moves to the upside and are currently trading near a major strike price.

I expect a deceleration in this area, followed by a correction.

Scott Bessent is exerting influence over global financial assets. Currency exchange rates, as well as gold and Bitcoin prices, have reacted to his bond buyback operation.

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[OveFinance]

Gold Analysis for August 21, 2026. Update​

A breakout above the extremes invalidates the current gold scenario. It is likely that hedging positions were initiated at the strike price.

Should the upward movement continue, the 4625 level (zone) is the next area to monitor. If we break through that, the next target is 4672.