Wed Aug 20, 2025 - XAUUSD Analysis

Wed Aug 20, 2025 11:12 pm Nigerian Time (GMT+1)

Eight days ago, I published an analysis on XAUUSD, stating that it was bearish and not bullish, and also the levels I expected it to bounce off of before starting a bullish storyline. On Tuesday, Aug. 19, 2025, XAUUSD behaved just as predicted, hitting and rejecting the support level marked at 3314.57.

Click here to read the previous analysis: https://www.tradingview.com/chart/XAUUSD/HKs841sW-XAUUSD/

Today, (Wed Aug 20, 2025) I'm writing this at Sydney Open, I believe XAUUSD will take out high timeframe liquidity at 3358.52, then reverse down to correct the imbalance between 3339.11 and 3327.69 and create a Bullish QML which would serve as an optimal bullish entry for a week swing trade, the FVG is a wide gap but areas of interests would be:

1. Below 3342.8 - Fresh broken resistance level, expected to act as support

2. 3336.42 - The above level can be refined to this 4H fresh broken resistance level for the same reason

3. Above 3326.50 - This level has acted as a strong Daily and 4H support level, broken, and acted as a weak 4H resistance, broken on 4h, so it's expected to be a fresh support level also, it's right around fib 0.618

I believe that fib levels 0.618 and 0.786 are strong reversal levels and more reliable than 0.5 fib levels using discount and premium level logic.

This is not financial advice