FPG XAUUSD Market Report August 13, 2026

On the H4 timeframe, XAUUSD (Gold) remains in a strong bullish trend that has continued since the beginning of August. The previous month was largely range-bound before a bullish rally emerged in early August from around 4,030, breaking above the 4,165 resistance level and extending to a recent peak of 4,442. The current price is trading around 4,419, remaining close to the recent high, while overall market volatility remains relatively moderate.

The Bollinger Bands remain moderately wide but have begun to widen slightly again, indicating a gradual increase in volatility as the bullish trend persists. The Parabolic SAR dots remain below the candles, reinforcing the prevailing bullish structure. Bulls Power is currently around 30.13, reflecting strong positive buying pressure, while the Stochastic oscillator stands at approximately 50.82 and 60.57, suggesting that momentum remains positive but has moved away from overbought conditions. Overall, the technical indicators continue to support a constructive outlook, although price action is currently consolidating near its recent peak.

Recent global economic developments have continued to provide support for gold, with weaker US employment data, softer inflation, and reduced expectations for further Fed tightening weighing on the US dollar and Treasury yields. China’s supportive monetary stance, renewed gold ETF inflows, and continued central-bank demand are also reinforcing the fundamental outlook for the precious metal. Meanwhile, ongoing geopolitical uncertainty continues to sustain safe-haven demand. With these factors remaining broadly supportive, XAUUSD is maintaining its bullish momentum and continues to trade near its recent highs.

Technical Market Overview
1. Current Position: XAUUSD is trading around 4,419, remaining close to the recent peak of 4,442 after a strong bullish rally from around 4,030 in early August. The price continues to hold within the upper range of the recent bullish structure, indicating that buyers remain in control.
2. Resistance Zone: The immediate resistance zone is around 4,442, representing the recent peak. A sustained break above this level could open the way for further bullish continuation and the establishment of new highs.
3. Support Zone: Initial support is located around 4,365–4,380, while a stronger support area can be identified around 4,300–4,330. Holding above these levels would help preserve the current bullish structure.
4. Indicator Observation: Bollinger Bands remain moderately wide and have begun widening slightly, suggesting gradually increasing volatility. The Parabolic SAR remains below the candles, while Bulls Power at around 30.13 indicates strong buying pressure. The Stochastic oscillator at approximately 50.82 and 60.57 suggests positive momentum without current overbought conditions.
5. Technical Summary: The overall H4 technical outlook remains bullish, supported by the prevailing price structure and constructive indicator signals. However, with XAUUSD consolidating near the 4,442 resistance level, a breakout or rejection around this zone could determine the next significant directional move.

Market Performance:
Precious Metals  Last Price     % Change
XPTUSD                     1,758.33          +0.59%
XAGUSD                     65.9170          +0.91%

Key Economic Calendar:
US: Monthly Budget Statement
UK: RICS House Price Balance
AU: RBA Kent Speech
UK: Business Investment QoQ (Preliminary)
UK: GDP 3-Month Avg
UK: GDP Growth Rate QoQ & YoY (Preliminary)
UK: GDP MoM
UK: Goods Trade Balance & Goods Trade Balance Non-EU
UK: Industrial & Manufacturing Production MoM
EU: Industrial Production MoM
CN: New Yuan Loans
US: Fed Hammack Speech
US: Core PPI MoM
US: Initial Jobless Claims
US: PPI MoM
US: Fed Barkin Speech