Gold Price Trends August 24, 2026 - YLG Bullion Analysis

Prachachat•Economy•3d ago

Reader Briefing

Gold prices rose for a third consecutive week, reaching a three-month high amid US dollar weakness.

•Gold prices closed up $84.21 on Friday, hitting a high not seen in over 3 months.
•YLG Bullion identifies a Bearish Divergence in 1-hour and 4-hour timeframes.
•US Treasury measures to support the bond market have weakened the US dollar.
•Market confidence in the Federal Reserve's interest rate hike outlook has decreased.

•Gold prices closed up $84.21 on Friday, marking the third consecutive weekly increase and reaching a peak not seen in over 3 months.
•YLG Bullion notes the occurrence of Bearish Divergence in 1 and 4-hour timeframes, suggesting caution regarding chasing prices and recommending waiting for a price correction.
•The first support level is set at $4,563; if this level is breached, a correction may occur with further support at $4,500-4,450.
•YLG Bullion suggests profit-taking on buy positions if prices do not pass $4,641-4,652, or trailing the stop to $4,563 if they do pass $4,652.
•Measures by the US Treasury to support the bond market have created concerns over dollar confidence, leading the US dollar to weaken toward its lowest level since mid-May.
•Reduced market confidence in the Federal Reserve's interest rate hike outlook has supported speculation in COMEX Gold and a recovery in Gold ETF investment flows.

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YLG Bullion

The provider of the gold price trend analysis.

US Treasury(กระทรวงการคลังสหรัฐ)ℹ️

The entity implementing measures to support the bond market which affected US dollar confidence.

Fed(เฟด)

The entity whose interest rate hike outlook is facing reduced market confidence.

COMEX Gold

A gold market where speculation has increased due to Fed outlook shifts.