📊 Market Developments:
Spot gold is hovering around $3,337/oz, as investors await Fed Chair Powell’s remarks at the Jackson Hole symposium (Aug 21–23) for signals on possible rate cuts. Meanwhile, geopolitical updates on U.S. diplomacy in Ukraine also influence sentiment.
📉 Technical Analysis:
• Key Resistance: $3,380/oz
• Nearest Support: $3,330–$3,335/oz
• EMA 09: Price is consolidating near support, no clear direction yet.
• Candlestick / Volume / Momentum: Neutral, waiting for fresh catalysts.
📌 Outlook:
Gold may range or edge higher short-term if the Fed signals dovishness. Otherwise, a pullback toward support remains likely.
________________________________________
💡 Trading Strategy Suggestion:
🔻 SELL XAU/USD at: $3,377–$3,380
🎯 TP: 40/80/200 pips
🛑 SL: $3,383
🔺 BUY XAU/USD at: $3,330–$3,333
🎯 TP: 40/80/200 pips
🛑 SL: $3,327
Spot gold is hovering around $3,337/oz, as investors await Fed Chair Powell’s remarks at the Jackson Hole symposium (Aug 21–23) for signals on possible rate cuts. Meanwhile, geopolitical updates on U.S. diplomacy in Ukraine also influence sentiment.
📉 Technical Analysis:
• Key Resistance: $3,380/oz
• Nearest Support: $3,330–$3,335/oz
• EMA 09: Price is consolidating near support, no clear direction yet.
• Candlestick / Volume / Momentum: Neutral, waiting for fresh catalysts.
📌 Outlook:
Gold may range or edge higher short-term if the Fed signals dovishness. Otherwise, a pullback toward support remains likely.
________________________________________
💡 Trading Strategy Suggestion:
🔻 SELL XAU/USD at: $3,377–$3,380
🎯 TP: 40/80/200 pips
🛑 SL: $3,383
🔺 BUY XAU/USD at: $3,330–$3,333
🎯 TP: 40/80/200 pips
🛑 SL: $3,327
Trade active
Gold is likely to consolidate around the $3,330–3,340 range and will only break out clearly once fresh signals emerge from the Fed at Jackson Hole.Trade closed: target reached
Gold is holding above the $3,330/oz level and is likely to consolidate until fresh signals emerge from the Fed at Jackson Hole.
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Disclaimer
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📊 Forex | Gold | Crypto Market Insights & Signals
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.