XAUUSD GOLD Outlook – Gold Holds Firm Amid Dollar Weakness and Fed Uncertainty
Gold continues to trade steadily as the U.S. dollar weakens and uncertainty surrounding Federal Reserve policy intensifies. Market speculation is growing following hints that former U.S. President Donald Trump may announce a new Fed Chair as early as September or October.
This development could undermine current Fed Chair Jerome Powell’s influence, potentially shifting the monetary policy outlook. As a result, investor sentiment remains cautious, with many seeking refuge in gold amid the growing ambiguity in central bank direction.
A weaker dollar generally boosts demand for gold, and if speculation around Fed leadership continues, XAUUSD could remain supported or even rally further. Watch for upcoming Fed speeches and political announcements as key drivers.
Key Levels to Watch:
Resistance zone 3340 / 3345
Support Level 3315 / 3300
Ps Support with like and comments for more analysis Thanks.
Gold continues to trade steadily as the U.S. dollar weakens and uncertainty surrounding Federal Reserve policy intensifies. Market speculation is growing following hints that former U.S. President Donald Trump may announce a new Fed Chair as early as September or October.
This development could undermine current Fed Chair Jerome Powell’s influence, potentially shifting the monetary policy outlook. As a result, investor sentiment remains cautious, with many seeking refuge in gold amid the growing ambiguity in central bank direction.
A weaker dollar generally boosts demand for gold, and if speculation around Fed leadership continues, XAUUSD could remain supported or even rally further. Watch for upcoming Fed speeches and political announcements as key drivers.
Key Levels to Watch:
Resistance zone 3340 / 3345
Support Level 3315 / 3300
Ps Support with like and comments for more analysis Thanks.
Trade closed: target reached
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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.