Gold Analysis for Today, Monday, August 17, 2026

Gold prices are trading near the $4,390–$4,400 per ounce range this Monday, maintaining a positive tone and a general upward trend as investors await the minutes of the US Federal Reserve meeting and data regarding inflation and geopolitics. Key market drivers include: a decline in US interest rate hike bets and pressure on the dollar from recent economic data, which have supported the yellow metal's upward momentum; and safe-haven demand driven by uncertainty and geopolitical tensions in the Middle East.

Expected Trading Scenarios

Bullish Scenario (Preferred): Sustaining levels above $4,370–$4,380 and decisively breaking through $4,400 would signal continued momentum toward $4,425, followed by $4,460.

Bearish Scenario (Corrective): Should profit-taking occur and the $4,350 support level be breached, we may see a tactical decline toward the $4,310–$4,300 zone to retest demand levels before a potential upward resumption.