XAUUSD 17/08: Still waiting for gold to rise again
Today's Strategy Analysis
XAUUSD
Gold weakened because the dollar in the international market skyrocketed in the past few days in the context of the Fed's tight monetary policy.
The dollar index gained 0.2%, making gold more expensive for buyers holding other currencies.
Reflecting investors' lack of optimism about the gold price outlook, the world's largest gold exchange-traded fund (ETF) SPDR Gold Trust continued to net sell gold, its lowest holdings since January. 2020.
XAUUSD
Gold weakened because the dollar in the international market skyrocketed in the past few days in the context of the Fed's tight monetary policy.
The dollar index gained 0.2%, making gold more expensive for buyers holding other currencies.
Reflecting investors' lack of optimism about the gold price outlook, the world's largest gold exchange-traded fund (ETF) SPDR Gold Trust continued to net sell gold, its lowest holdings since January. 2020.
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Stoploss : 1880
Take Profit : 1898
Take Profit : 1902
Take Profit : 1907