XAUUSD prices remained generally stable, in the Asian trading session on Friday (August 22), XAUUSD fell slightly to $3,328/oz, equivalent to a decrease of $10 on the day as of the time of writing, extending the sideways accumulation.The focus of the week, Jackson Hole
Gold continues to consolidate, with selling pressure holding back gains around $3,350/oz. Market participants await fresh messages from policymakers at the Jackson Hole Symposium.
Today (Friday), Federal Reserve Chairman Powell will speak at the Jackson Hole Global Central Bank Annual Meeting.
If Powell says we will cut rates again in October, November or December, the dollar could weaken and gold could have a chance to rise.
Exclusive Reuters report, tracking the progress of the Russia-US-Ukraine negotiations
Reuters has published an exclusive report in which three sources close to senior Kremlin leaders told Reuters that Russian President Vladimir Putin demanded that Ukraine abandon the entire Donbas region in the east, abandon its ambitions to join NATO, remain neutral and prevent Western troops from entering Ukraine.
Last Friday, Putin met with President Trump in Alaska for the first summit between the United States and Russia in four years.
According to Reuters sources, the nearly three-hour closed-door talks between the two sides were almost entirely devoted to discussing a compromise solution to the Ukraine issue.
Standing next to Trump after the meeting, Putin said the meeting was expected to pave the way for peace in Ukraine, but neither Putin nor Trump revealed the specifics of the discussions. Reuters cited the most detailed Russian account yet of Putin’s proposal for the summit, outlining the outlines of a potential peace deal the Kremlin hopes to see.
According to Russian sources, Putin has made some concessions based on territorial demands he made in June 2024. At that time, he asked Kyiv to give up four regions that Moscow claims as part of Russia: Donetsk and Luhansk (located in eastern Ukraine, collectively known as the Donbas region), as well as Kherson and Zaporizhia in the south.
Reuters also reported that Putin maintained in his new proposal a demand for a full withdrawal of Ukrainian troops from the Donbass regions it still controls. However, they added that in return, Moscow would halt its frontline offensive in Zaporizhia and Kherson.
According to US estimates and open-source data, Russia controls about 88% of the Donbas region and 73% of the Zaporizhia and Kherson regions.
Sources said Putin also maintained his previous demands that Ukraine abandon its NATO membership bid and demanded that the US-led NATO make a legally binding commitment not to expand eastward, impose restrictions on the Ukrainian military and reach an agreement ensuring that no Western troops would be deployed as peacekeepers in Ukraine.
There remains a wide gap between the two sides’ positions. The Ukrainian Foreign Ministry has yet to respond to the proposal.
Technical analysis of
XAUUSD Gold has been moving sideways for most of the time, so the technical structure has not changed much and the positions are also kept the same as in the previous publications sent to readers.
During the day, the technical outlook of gold price accumulation sideways will be noticed by the positions listed below.
Support: 3,310 – 3,300 – 3,292 USD
Resistance: 3,350 – 3,371 USD
SELL XAUUSD PRICE 3376 - 3374⚡️
↠↠ Stop Loss 3380
→Take Profit 1 3368
↨
→Take Profit 2 3362
BUY XAUUSD PRICE 3299 - 3301⚡️
↠↠ Stop Loss 3295
→Take Profit 1 3307
↨
→Take Profit 2 3313
Trade active
Plan SELL HIT TP1 +90pips. Heading to TP2 😵😵😵Note
The world's largest gold ETF, SPDR Gold Trust, kept its holdings unchanged.Trade closed: target reached
Plan SELL Hit Full TP2 + 140pips🤕🤕🤕. Congratulations everyoneNote
Note
▫️Spot gold hit $3,370 an ounce, up 0.13% on the day.Note
Trump's surprise decision to fire Fed Governor Cook raised concerns about the Fed's independence, fueling demand for havens and pushing gold prices to a two-week high above $3,393 an ounce.Note
Gold prices remained below $3,400 an ounce as investors remained cautious ahead of PCE data – a key inflation measure that will determine expectations for a September Fed rate cut.
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🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
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.