XAU / USD trend forecast August 30, 2024
Russia launched multiple air strikes on Ukraine this week, costing Moscow around £1.1 billion. At the same time, Ukraine has cautioned that it is closely monitoring its border with Belarus following a recent buildup of troops there, according to Sky News.
The US Gross Domestic Product (GDP) expanded at an annual rate of 3.0% in the second quarter (Q2), as reported by the Department of Commerce in its second estimate released on Thursday. This figure exceeded both the forecasts and the initial estimate of 2.8%.
Additionally, US weekly Initial Jobless Claims for the week ending August 24 fell to 231,000 from 233,000 in the prior week, coming in below the market expectation of 232,000.
September is an opportunity for the financial market: BTC, XAU increases strongly, Gold price needs to accumulate more, the target is to adjust down to the 2500 area.
/// SELL XAU : zone 2527-2530
SL: 2535
TP: 50 - 150 - 300 pips (2500)
Safe and profitable trading