📝Trading Note: Spot Gold (XAU/USD)

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august

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Spot Gold (XAU/USD) Core Thesis: Awaiting a Catalyst. Spot Gold is currently consolidating within a defined range, indicating a balance between buyers and sellers. Both the short-term and medium-term outlooks point to a lack of directional bias. While the underlying medium-term regime is considered bullish, a breakout from the current range is required to trigger a new trend. The absence of a long-term signal reinforces the need for patience. The core strategy is to wait for a confirmed breakout before committing to a new position. The market is coiled. The key is to wait for the break.

Lester Davids

Senior Investment Analyst: Unum Capital