XAUUSD OUTLOOK - August 4 2024

With the month of August rolling over, we have already seen massive sell offs for individuals looking to get into premium long positions. At this stage, the market is highly sensitive and we will be looking for continuation longs into new ATH territory once our lower retracements and POIs have been met.

- Long considerations at 2400~2410, 2430~2440.
- Short considerations at 2460s & 2440s.