Updating our XAUUSD Weekly Chart.
Jackson Hole Symposium by The Federal Reserve Bank of Kansas City; Aug. 26-28, can be the place of the FED's first strong sign of a new path.
The location of the key support zone is 1765 - 1750 USD/Ounce.
Weekly closing below 1750 ( and the closing below the red trendline ) will add weight on the ounce.
It is early to take a big short position before closing below 1750 USD/Ounce.
Below 1750; our targets are 1720, 1700 1685, and 1640.
Indicators:
Cycle Sniper
Advanced Chart Patterns Tracker
Jackson Hole Symposium by The Federal Reserve Bank of Kansas City; Aug. 26-28, can be the place of the FED's first strong sign of a new path.
The location of the key support zone is 1765 - 1750 USD/Ounce.
Weekly closing below 1750 ( and the closing below the red trendline ) will add weight on the ounce.
It is early to take a big short position before closing below 1750 USD/Ounce.
Below 1750; our targets are 1720, 1700 1685, and 1640.
Indicators:
Cycle Sniper
Advanced Chart Patterns Tracker
Note
The first medium term target is ok 
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
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.
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
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.