Most industry experts predict that gold prices will remain flat. Most retail traders expect gold prices to rise.
The market will be paying attention to some notable economic news this week, including the July PPI, July CPI, July retail sales and weekly jobless claims, the University of Michigan's preliminary consumer sentiment survey for August, etc.
The market is currently focused entirely on the prospect of a September interest rate cut from the US Federal Reserve (Fed). Gold investors will pay close attention to the Fed's speaker list this week.
The market will be paying attention to some notable economic news this week, including the July PPI, July CPI, July retail sales and weekly jobless claims, the University of Michigan's preliminary consumer sentiment survey for August, etc.
The market is currently focused entirely on the prospect of a September interest rate cut from the US Federal Reserve (Fed). Gold investors will pay close attention to the Fed's speaker list this week.
Note
SELL XAU 2427 - 2429 TP1: 2422
TP2: 2414
SL: 2436
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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.