Gold Buy Levels Amid Jackson Hole Symposium

20 sie

Last week, we noted that if gold prices traded above $2,479, they could push towards $2,587. This scenario is unfolding as expected, and longer-term traders remain bullish above $2,470.

For short-term traders looking to capitalize if we have a dip, we will focus on focusing the support range between $2,479 and $2,511. If prices reach this interval, buyers may see an attractive risk-to-reward ratio, driving the price towards $2,550 and, in the following weeks, reaching the 2,587 level.

It's crucial to note that Jerome Powell's speech at the Jackson Hole Symposium later this week could trigger significant volatility.

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