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Friday, August 25, 2023

GOLD Gold strategy ends a volatile week

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GOLD Gold strategy ends a volatile week

GOLD (US$/OZ) TVC:GOLD

Signals and strategies GOLD

Gold is on track to recover from losses recorded in the previous four weeks ahead of a speech by US Federal Reserve Chairman at the Jackson Hole Symposium.

The precious metal has shown resistance despite the improvement of the US Dollar (USD). US Dollar (USD) rally boosted by moderate US jobs data, keeps market sentiment cautious as investors look for additional signals regarding inflation outlook .

Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas with FIBONANCY to set up a reasonable SELL order.


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