XAUUSD OUTLOOK - August 10 2024

We have observed a significant retracement of our initial sell-off of the commodity. Now, following the completed fib retracement we are looking to new areas of play where all possibilities are likely to be towards a new ATH, considering the recent news events concerning the USD and gold.

- Short considerations can be made at 2450, 2460~2480s
- Long considerations can be made 2400s, 2410~2420s