The thing is that maybe tomorrow we're going to see one of the biggest red candles that we will see in this month. The reason is Fed Chairman Jerome Powell speaks Friday at 10 a.m. ET in a much-anticipated appearance at the Federal Reserve’s annual Jackson Hole, Wyoming, symposium.
Fed watchers do not expect a new message from the Fed chairman, just a tougher version of the central bank’s promise to slow inflation by raising interest rates.
Therefore I think that we're going to see stronger dollar and weaker gold.
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