Today, gold prices continued their descent within a downward pricing channel, currently hovering around $2315, marking a modest decline of 0.15% for the day.
This marks the second consecutive day of decline for gold in light of the Federal Reserve's hawkish outlook. The possibility of a rate cut in September remains a topic of intense discussion, which has curbed the ascent of the USD.
Ongoing geopolitical tensions have also played a significant role in mitigating the downside for XAU/USD, providing a floor as investors navigate these uncertain waters.
This marks the second consecutive day of decline for gold in light of the Federal Reserve's hawkish outlook. The possibility of a rate cut in September remains a topic of intense discussion, which has curbed the ascent of the USD.
Ongoing geopolitical tensions have also played a significant role in mitigating the downside for XAU/USD, providing a floor as investors navigate these uncertain waters.
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
Powiązane pomysły
GBPUSD
Trader_BrianFX
Premium
about GBPUSD