Gold Is Targeting $4,500 | Florian Grummes
The Deep Dive Aug 19, 2026
Summary
Florian Grummes argues gold reclaimed its 50-day moving average last week, the first break above that line since mid-March 2026.
He calls the 200-day moving average near $4,497 the next resistance level for gold.
Grummes identifies a confluence of resistance between $4,400 and $4,600 from the late-January downtrend plus the 200-day MA.
Florian Grummes's takeaways
- Top takeaway The guest argues gold's next key target is roughly $4,500, where the 200-day moving average sits at $4,497 — a level lost in June that he expects the market to retest.
- He frames the $4,400–$4,600 zone as strong resistance, pointing to the major downtrend in place since the end of January.
- He highlights that gold just reclaimed its 50-day moving average — the first such move since mid-March, after that line had been capping the price.
- He treats the re-take of the 50-day MA as a classic old-school technical trigger, redirecting the market's focus to the 200-day MA.