8.20 Gold Trend Analysis
2500 Golden Era has officially stabilized and will move towards 2600 in the future
Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday
The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches the bottom, it can be bullish
In addition to the geopolitical situation, everyone is currently pinning their hopes on the trend of gold on Friday when Fed Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting
Support level 2515 2510 2500
Resistance level 2525 2535 2550
Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday
The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches the bottom, it can be bullish
In addition to the geopolitical situation, everyone is currently pinning their hopes on the trend of gold on Friday when Fed Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting
Support level 2515 2510 2500
Resistance level 2525 2535 2550
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