The document discusses the XAUUSD currency pair, which represents the price of gold in US dollars. It covers what XAUUSD is, factors that influence gold prices like supply and demand, and provides an outlook for gold prices. Charts of historical XAUUSD prices are included, showing gold in an ongoing range between support at $1,764/oz and resistance at $1,836/oz. Recent gains in gold have taken prices back towards resistance levels, and further rises would require a break above $1,789.

1. XAUUSD

2. Points To Be Covered Today:
• What Is XAUUSD
• Trading Gold
• Gold Price(XAU/USD) Outlook
• Gold Price (XAU/USD): Daily Chart
• Gold Bulls Have The Full Control Of The Situation
• Gold: Parabolic Financial Speculation, But Not Inflation!
• Gold Price & Chart

3. What Is XAU/USD?
• XAUUSD is the financial symbol for gold vs. the US dollar.
Specifically, it answers the question of, “How much is one
ounce of gold in US dollars?”
• Gold, as a commodity, can be dated as far back as 2,500 years
ago.
• It is historically regarded as a precious metal that is able to
maintain and even increase its value despite wars and natural
disasters.
• For this reason, gold is considered a safe-haven asset.

4. Trading Gold
• Trading gold has become increasingly popular in the past few years. The
financial crisis of 2008 and the eurozone debt crisis in 2010 caused a
global decline in equities markets and forced investors to re-think
diversifying their portfolios to include safe-haven assets like gold.
• Most forex brokers nowadays offer gold to be traded against other
currencies like the euro, Swiss franc, and the Australian dollar.
• XAUUSD is still the most popular pair to trade among forex traders
because the commodity was traditionally priced in US dollars and also
because the dollar is the most widely-used currency in the world.
• With this said and because it does not have its own supporting economy,
gold tends to be sensitive to the movements of the US dollar.
• The two have been known to have an inversely-proportional relationship
that when gold is up, the dollar tends to be down, and vice versa.

5. XAUUSD Tends To Rally
• Other factors that affect the price of gold will be
supply and demand and more popularly, market
sentiment.
• XAUUSD tends to rally in times of uncertainty or
risk aversion and fall when risk appetite
encourages investors to seek higher-yielding
assets.

6. Gold Price(XAU/USD) Outlook
• A Break Of $1789 Could Lead Towards $1828/1840.
• old price (XAU/USD) picked up some new demand on Friday
after the Dallas Fed President Robert Kaplan said (as per a
Reuters report) that the decision to start tapering the QE
program would be a distinct process from the decision on
interest rates.
• Kaplan also said that he expected GDP to grow 6.5% in 2021
but that the Delta variant of COVID-19 needed close monitoring.
He also indicated that if the Delta variant started to affect
demand or show signs of persistence, the Fed would adjust its
policy views.
• These comments cooled off demand on the greenback and
allowed the gold price to rise by 0.37%.

7. Gold Price (XAU/USD) Outlook - I
• The slight recovery in the gold price has taken the pair towards the
1789.49 resistance once more.
• The price seems to be forming a bullish pennant at this time.
• An advance in the gold price will require a break above the 1789.
• 49 resistance, confirming the flag and opening the door for a
measured move that potentially targets the resistance zone between
1828 and 1840. This move would have to take out 1815.20.
• Conversely, rejection at 1789.49, followed by a pullback, could lead
to a breakdown of the pennant’s consolidation area.
• This move would invalidate the pattern and clear the pathway
towards 1763.30, with 1741.01 serving as an additional target to the
south.

8. Gold Price (XAU/USD): Daily Chart

9. US Dollar Basket (DXY) Daily Price Chart (January -
August 24, 2021)

10. US Dollar Basket (DXY) Daily Price Chart (January -
August 24, 2021) - I
• The precious metal is now in the middle of a familiar range, stuck between
38.2% Fibonacci resistance at $1,836/oz. and 50% Fibonacci support at
$1,764/oz.
• Yesterday’s rally saw gold make a confirmed break of the 20-day sma and
break through the 50-day sma, leaving the precious metal now trading either
side of the 200-day sma.
• This positive move suggests that further gains may be seen unless the
fundamental outlook – Jackson Hole Symposium – changes the outlook for
the US dollar.

11. Gold (XAU/USD) Daily Price Chart (November
2020 – August 24, 2021)

12. Gold (XAU/USD) Daily Price Chart
(November 2020 – August 24, 2021) - I
• Retail trader data show 67.59% of traders are net-long with the ratio of traders long
to short at 2.09 to 1.
• The number of traders net-long is 1.53% higher than yesterday and 7.12% lower
from last week, while the number of traders net-short is 8.49% lower than yesterday
and 17.36% higher from last week.
• We typically take a contrarian view to crowd sentiment, and the fact traders are net-
long suggests Gold prices may continue to fall.
• Positioning is more net-long than yesterday but less net-long from last week.
• The combination of current sentiment and recent changes gives us a further mixed
Gold trading bias.

13. XAUUSD Analysis 1 Day Long Call Wait &
Watch 1750 To 1900

14. Gold Bulls Have The Full Control Of The Situation

15. Gold: Parabolic Financial Speculation, But Not Inflation!
• Gold is in parabolic mode. Everyone loves it. Inflation and safe haven and the end
of the dollar are the rationales.
• 1) This is not inflation. If it were, corn (green line overlaid) and all the other real stuff
would be blowing off. It isn’t.
• 2) This is not the end of the dollar yet; if it were, why are emerging market
currencies struggling? We expect one more corrective rally in the dollar to wash
away the Johnny Come Lately bears.
• 3) Safe haven and yields. That make sense. But, how much of this is pure Fed Juice
speculation? We have seen gold act just as a risk asset (similar to stocks) before,
only to plunge on a big stock sell off. Gold a nice reservoir for needed margin call
money.

16. Gold Technical Overview

17. Gold Technical Overview - I
• A three-month-old descending trend line challenges short-term gold upside around $1,806.
• However, sustained trading beyond the horizontal area comprising the late June lows, around
$1,752-55, coupled with the bullish MACD signals, keep gold buyers hopeful.
• In addition to the stated resistance line, 100 and 200-DMAs around $1,810-12 also challenge the
gold bulls, a break of which will underpin the rally to the mid-July highs close to $1,835.
• Meanwhile, the $1,800 threshold and the latest swing lows around $1,775 can entertain gold sellers
during further weakness, ahead of $1,755-52 support.
• Though, a clear downside break of $1,752, also breaking the $1,750 round figure, will aim for the
monthly low of around $1,688. During the fall, the $1,800 round figure may offer an intermediate
halt.
• Overall, gold prices remain on the way to recovery but await a strong fundamental to cross the key
hurdles.

18. Gold Price

19. Gold Chart

20. XAUUSD

21. Thanks for listening
XAUUSD