GOLD - Plan to sell 29/08/2023
Investors are currently analyzing the implications of Fed Chairman Jerome Powell's hawkish remarks at the Jackson Hole Symposium as gold prices remain steady above $1,920.00.
The precious metal may experience a decline in value due to Cleveland Fed President Loretta Mester's support for another rate hike, although it may not occur in September specifically.
Based on CME Group's Fedwatch Tool, there is an 80% probability that rates will remain unchanged next month, while most investors anticipate a rate hike in November.
The precious metal may experience a decline in value due to Cleveland Fed President Loretta Mester's support for another rate hike, although it may not occur in September specifically.
Based on CME Group's Fedwatch Tool, there is an 80% probability that rates will remain unchanged next month, while most investors anticipate a rate hike in November.
Note
👨💻 XAUUSD SELL zone 1925 - 1927🔹SL 1930
🔹TP 1910
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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.