XAU Could Surpass All-Time High
This gold buying trend is expected to remain unchanged in the coming period due to the impact of the current economic situation and geopolitical conflicts. At the same time, consumer prices have fallen after hitting a record high, easing pressure on the market.
The focus of gold investors next week is the annual central bank conference at the Fed's Jackson Hole resort. Fed Chairman Jerome Powell will speak on Friday, expected to share the prospect of an upcoming Fed rate cut.
Positive US inflation data in July has paved the way for the Fed to cut interest rates in September. The market predicts the Fed will cut by 0.25 percentage points at this meeting.
The focus of gold investors next week is the annual central bank conference at the Fed's Jackson Hole resort. Fed Chairman Jerome Powell will speak on Friday, expected to share the prospect of an upcoming Fed rate cut.
Positive US inflation data in July has paved the way for the Fed to cut interest rates in September. The market predicts the Fed will cut by 0.25 percentage points at this meeting.
Catatan
SELL XAU 2500
Tp1: 2490
TP2: 2480
SL: 2510
Catatan
Hit TP 1 
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