Weekly Analysis Gold (XAUUSD) | Published by Chartrick’s Team of Experienced Technical Analysts Week17 – 21 August 2026 CMP4376.82 (as on 16 August 2026) OutlookTechnical Bounce within a Broader Downtrend Opening paragraph Gold enters the week of 17-21 August 2026…
This Gold technical chart analysis examines a session that captured the tension in the current structure well.
Gold Analysis : Price is trading below the March 2026 low, and the pattern of lower lows tells a clear story: sellers are still in control.
Silver is still trading below its March 2026 low. The RSI has slipped below 40, and hasn't been able to climb back above it. That's a meaningful shift in momentum.
Bitcoin price is also sitting below the Mid Bollinger Band of 70,374, which is acting as the primary resistance zone right now.
Silver has run into a wall of technical resistance – the RSI 60 level, the Mid Bollinger Band at 79.048, and a downward sloping trendline.
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