XAUUSD - Regain 'form', gold on the rise
At the beginning of the session on August 22 on the Comex commodity market of the US, gold price increased strongly back to the threshold of 1,900 USD/ounce after losing this signal in the previous session.
Gold bounced back on the back of a halt in the dollar's appreciation and a slight drop in US bond yields.
Analysts said that gold prices are showing signs of stabilizing ahead of the time when Federal Reserve Chairman Jeroome Powell speaks at the Jackson Hole forum later this week.
Reporting gold unbreakable goes up. According to Chris Yates of Acheron Insights, fundamentals, gold contracts, market sentiment and technical signals all indicate that gold will have a period of slack before the breakout. go up.
According to Chris Yates, yields are near the top but not yet at the point of turning sharply lower. Interest payments as well as falling bond yields are likely to be the case in 2024.
Gold bounced back on the back of a halt in the dollar's appreciation and a slight drop in US bond yields.
Analysts said that gold prices are showing signs of stabilizing ahead of the time when Federal Reserve Chairman Jeroome Powell speaks at the Jackson Hole forum later this week.
Reporting gold unbreakable goes up. According to Chris Yates of Acheron Insights, fundamentals, gold contracts, market sentiment and technical signals all indicate that gold will have a period of slack before the breakout. go up.
According to Chris Yates, yields are near the top but not yet at the point of turning sharply lower. Interest payments as well as falling bond yields are likely to be the case in 2024.
Comment:
Running +20Pips ✅ ✅
✅ TP1: 1896
✅ TP2: 1888
⚠️ SL: 1911