GOLD: Gold Price Forecast for August 28GoldOANDA:XAUUSDStone_HavenHi All Trader, Currently, the short-term bias for gold remains bearish; however, as the price is hovering near a support zone, initiating a sell position right at 4,585 is not the optimal choice. A more prudent strategy is to wait for a price retracement to the 4,605–4,610 range to look for sell signals, or to await a clear reaction within the 4,570–4,580 zone to identify buying opportunities. The 4,548–4,550 USD level is a critical zone. Holding this area would sustain the basis for a medium-term uptrend, whereas a breakdown would deteriorate the technical outlook and open the door for a decline toward 4,520 USD. Investors should exercise particular caution leading up to and during the Fed's remarks at Jackson Hole, as this event could be the primary driver of significant intraday volatility for XAU/USD.