Gold Market Analysis for August 11, 2026
Gold is currently playing out two margin moves to the upside. Yesterday, price found support at the quarter margin level; the level held without a downside breakout, followed by a swift rally to the next margin zone.
We are currently retesting the quarter level from today’s high. I anticipate a breakout of the quarter level, leading to a balance closure in the 4340 area and a subsequent test of the 1/2 margin level at 4323.
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