[Daily Market Analysis] August 21 GOLD ＆ BTC: Stalling just below resistance and today's outlook

Hello everyone. This is "LONCH FX."
Regarding the market from last night into today (August 21), although there were factors such as U.S. indicators and interest rate movements, GOLD faced resistance at the daily major resistance zone (around $4,520) and did not break out, continuing to trade in a high range.
We will organize and deliver the actual competition last night (upward pressure) and today's (August 21) maneuver points.

1. Market trends last night (8/20) and current view

? Reaching resistance but upside limited

Although there were supportive factors such as expanded U.S. Treasury operations and good jobless claims, on the chart the daily major resistance zone (around $4,520) is strongly felt, preventing a breakout and resulting in a stalling with upper wicks.

⚠️ Cautious posture due to high-price vigilance

Against buying pressure expecting a breakout, profit-taking and pullback selling at key levels are balanced, continuing a range-bound movement (energy accumulation) to test direction.

2. GOLD (XAU/USD) analysis

Spot price: around $4,528

• ■ Daily (D1) | Stalled at major resistance
  Candlesticks are not a strong bullish breakout in one go, but are touching the resistance band (4,520 - 4,530 dollars) and stalling, trading in a range.
• ■ 4-hour / 1-hour (H4 / H1) | High-range flag and range
  Not a one-way strong trend, but trading in a very narrow 4,515 - 4,530-dollar band. Energy is being accumulated.
• ■ Lower timeframes (M15 / M5) | Support held
  The downside is supported at 4,515 dollars (yellow line) and 4,477 dollars (red line), maintaining a solid bottom, but upside momentum is also limited.

3. BTC (BTC/USD) analysis

Spot price: around $72,900

• ■ Daily (D1) | Battle with upper descending line
  While the price has been climbing from support bands, it remains largely flat against a strong resistance band just above.
• ■ 4-hour / 1-hour (H4 / H1) | Sideways near highs
  Trading within a range of $72,200 - $73,000 persists, awaiting a clear breakout confirmation (closing above on the daily timeframe).

4. Today's outlook and approach (Strategy for August 21)

Given the fact that last night there was no breakout (price held down at resistance), today’s rule should be either “trade after breakout is confirmed” or “wait and buy dips after pullback.”

? Gold outlook

Until a clear daily breakout above $4,530 is established, avoid chasing higher levels; waiting for pullbacks to support around $4,515 or $4,477 is safer.

₿ BTC outlook

A crucial moment to clearly surpass the $73,000 level. Trade with the main focus on maintaining support around $72,200.

[Disclaimer]
This article is intended for objective analysis and information on charts and market data and does not constitute a recommendation or advice for specific buying or selling actions.