Gold has not increased strongly due to the pressure of the Fed
Gold prices today fluctuated at the 1889-1904 border with a slight uptrend in the Eurasian session and a decrease in the US session. Gold ended the trading day with a bullish candle and officially crossed the downtrend line.
While the market awaits Powell's Jackson Hole Congressional speech, some traders seem to be pricing in a US application wing race and maybe even a little kite speech. More from Powell this weekend. And the US PMI quick data survey due out tonight could contribute to this expectation.
XAUUSD BUY 1895 -1897🕯
✅ TP1: 1904
✅ TP2: 1910
⚠️ SL: 1879
While the market awaits Powell's Jackson Hole Congressional speech, some traders seem to be pricing in a US application wing race and maybe even a little kite speech. More from Powell this weekend. And the US PMI quick data survey due out tonight could contribute to this expectation.
XAUUSD BUY 1895 -1897🕯
✅ TP1: 1904
✅ TP2: 1910
⚠️ SL: 1879
