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predict the direction of XAU in the coming days 30 08/2023

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World gold price on Kitco opened the trading session at 1936.6 - 1937.6 USD/ounce. During the weekend session, gold prices fluctuated between 1914 - 1939.2 USD/ounce.

Gold prices hit three-week high. A much weaker-than-expected U.S. job turnover report (JOLTS) and a much weaker-than-expected consumer confidence index boosted buying demand with precious metal.

The US dollar index sold off and US Treasury yields fell following the data. This is the start of a big week for US economic reports. December gold was recently up $17.30 at $1,963.90 an ounce.

The US dollar index is lower. Nymex crude oil futures are a bit more stable and trading around 80.50/barrel. The benchmark 10-year U.S. Treasury note is currently yielding 4.131%.
Not
BUY 1930 - 1933

TP: 1945
TP: 1950

SL: 1922
Not
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80 pips

Feragatname

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