Gold Price Forecast: XAU/USD kicks off the week in consolidation around $1,890 - FXStreet

Gold Price Forecast: XAU/USD kicks off the week in consolidation around $1,890  FXStreet

source https://news.google.com/rss/articles/CBMieWh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9uZXdzL2dvbGQtcHJpY2UtZm9yZWNhc3QteGF1LXVzZC1raWNrcy1vZmYtdGhlLXdlZWstaW4tYS1jb25zb2xpZGF0aW9uLWFyb3VuZC0xLTg5MC0yMDIzMDgyMTAxMjDSAX1odHRwczovL3d3dy5meHN0cmVldC5jb20vYW1wL25ld3MvZ29sZC1wcmljZS1mb3JlY2FzdC14YXUtdXNkLWtpY2tzLW9mZi10aGUtd2Vlay1pbi1hLWNvbnNvbGlkYXRpb24tYXJvdW5kLTEtODkwLTIwMjMwODIxMDEyMA?oc=5

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Gold Prices Rebound as Weak Economic Data Spurs Hope for Policy

Gold OANDA:XAUUSD

ForexGlobal

On Thursday, the price of gold climbed to approximately $1,920 per ounce, marking a continued recovery from its lowest point in five months. This upward trend was fueled by business activity data in major economies that turned out to be weaker than anticipated. As a result, there is growing optimism that policymakers might reconsider their plans to raise interest rates in order to prevent a recession.

The most recent data indicated that business activity in the United States nearly ground to a halt in August, while in the Eurozone and Britain, it continued to contract.

Investors are now eagerly awaiting the annual symposium of central bankers in Jackson Hole, Wyoming, where policymakers could provide insights into the future of monetary policy.

Consequently, financial markets have significantly reduced their expectations for further tightening of monetary policy by both the Federal Reserve and the European Central Bank.

XAUUSD SELL 1922-1924🕯

✅ TP1: 1914
✅ TP2: 1903

⚠️ SL: 1930

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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.🌷
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