XAUUSD
XAGUSD
At last, Gold decided to make the retracement we had been waiting for over several days.
The most important thing now is to wait until Tuesday, September 1, and start looking for buys below the annual open (YO) at 4326.
This scenario is optimal for short‑, medium‑, and long‑term buys.
The SL should be placed at the August lows, because if price decides to move down there, the drop will be very deep and catastrophic. But in the current scenario, with the confirmed change of structure we have, it’s very unlikely to happen.
The projection for Silver is very similar to Gold and follows the same narrative we’ve been seeing over the past weeks. Gold’s entry will also confirm Silver’s entry.
In conclusion:
Wait for the first days of September. Buy Gold below the annual open. Protect below the August low. Take profits at daily, weekly, and monthly highs, depending on whether you are a short‑term trader or a long‑term investor.
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