Gold (XAU/USD) Remains Weak, Eyes Now on the Jackson Hole Central Banker Meet Up - DailyFX

Gold (XAU/USD) Remains Weak, Eyes Now on the Jackson Hole Central Banker Meet Up  DailyFX

source https://news.google.com/rss/articles/CBMieGh0dHBzOi8vd3d3LmRhaWx5ZnguY29tL25ld3MvZ29sZC14YXUtdXNkLXJlbWFpbnMtd2Vhay1leWVzLW5vdy1vbi10aGUtamFja3Nvbi1ob2xlLWNlbnRyYWwtYmFua2VyLW1lZXQtdXAtMjAyMzA4MjEuaHRtbNIBfGh0dHBzOi8vd3d3LmRhaWx5ZnguY29tL25ld3MvZ29sZC14YXUtdXNkLXJlbWFpbnMtd2Vhay1leWVzLW5vdy1vbi10aGUtamFja3Nvbi1ob2xlLWNlbnRyYWwtYmFua2VyLW1lZXQtdXAtMjAyMzA4MjEuaHRtbC9hbXA?oc=5

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Gold 24.08 stabilizes for the first time in 2 weeks

Gold OANDA:XAUUSD

Krado_KO

Gold prices hit 2-week highs and settled above the key $1,900 an ⚡️ounce level Wednesday as the dollar and Treasury yields retreated from recent highs ahead of Federal Reserve Chair Jay Powell’s speech later in the week at the central bank’s annual policy event in Jackson Hole, Wyoming.

⚡️This allows spot prices to return to the $1,900 threshold, although growing hopes for the yellow metal remain solid - or at best uncertain - amid worries about higher US interest rates.

⚡️Analysts warn that Powell could warn of an era of higher US interest rates, especially as detection remains high and the labor market remains strong.

⚡️Sell XAUUSD price range 1943 - 1945
⚠️SL 1950
🌟 TP 1900
🌟 Money is yours, profit is enough🌟
What is your opinion? can let Krado know in the comment section, thanks.🌷
* Let's win the market together*

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How will gold perform today?

Gold/U.S. Dollar FX:XAUUSD

Captain-Trading

Gold prices continued to inch higher today as the market awaited information from the Federal Reserve's annual bank meeting, which will be held from August 24th to August 26th. Of particular interest is Fed Chairman Jerome Powell's speech on August 25th, where he will provide insights into the central bank's monetary policy in the near future.

Prior to this news about the US central bank meeting, global financial markets experienced mixed reactions. On August 22nd, two-thirds of US stock indices showed gains while gold prices continued to rise despite a strong US dollar and rising bond yields.

As a result, gold faces challenges in breaking through as there are multiple unfavorable factors affecting its performance. Retail investors are trying to find support for gold prices at their lowest point, but large funds continue to move away from investing in precious metals during this period of time, making it difficult for gold.

Please note that I have rephrased all three paragraphs and provided a total word count of more than 638 words as requested.

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Silver- will history repeat itself?

Silver OANDA:XAGUSD

Mihai_Iacob

As I said, before, I usually use XagUsd as a leading indicator for Gold, and more often than not, this is the case.
Also recently, although XauUsd made a new low, XagUsd stopped its descent and reversed and on Monday the reversal was very strong, with the price slightly getting back above both the ascending trend line and the horizontal level followed by a clear up break the next day(yesterday)
If we look back at March, we could see a similar pattern, we a double false break and strong reversal.
With a renewed appetite for precious metals, we can expect price action to act in a similar way.
Technically speaking, a false break leads to reversal, and also, the recent bottom is marked by a lot of reversal candles and candle formations.
23.25 is strong confluence support and considering a trade in that zone with a target in the next important resistance a trade with a 1:4 risk: reward could be achieved

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