XAUUSD_ Analysis August 28, GOLD has vitality again

⚡️In a speech at the central bank conference in Jackson Hole, Wyoming, Fed Chairman Jerome Powell said inflation remains too high even with recent favorable figures and that the US central bank has room to substantial basis to regain price stability. But at the same time, Powell noted that economic uncertainty calls for "aggressive" monetary policymaking and that the Fed will proceed "with caution" when deciding on its next policy move.

⚡️Powell's message on Friday was in line with mixed signals from other Fed officials in the run-up to the meeting. Philadelphia Fed President Patrick Harker told CNBC he doubted the central bank would need to raise rates again, but also said he wasn't ready to predict when rate cuts might begin. Boston Fed President Susan Collins said on Yahoo Finance's video channel that interest rates could be near or at their peak, "but could certainly increase further."

⚡️Plan: BUY XAUUSD price 1907-1909. SL 1903. TP 1915, 1920

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Gold Price (XAU/USD) remains dicey after pushing back the bearish bias with the first positive weekly close in five. The Yellow Metal’s latest inaction could be linked to the market’s anxiety ahead of this week’s top-tier US inflation and employment clues.

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Following Powell's comments, investors expected the central bank to raise interest rates in November as the final nail in the coffin.

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according to my analysis. but unfortunately the gold did not match the entry

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Great for my strategy. I have correctly analyzed the direction of gold. Follow my article tomorrow morning to update the fastest and most accurate gold trend.

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Gold returns below $1,920 as US yields edge higher
Gold price lost its traction and dropped below $1,920 in the second half of the day on Thursday. Following a quiet European session, the 10-year US Treasury bond yield started to climb toward 4.3% on upbeat US data, causing XAU/USD to turn south.

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Gold has flown very high after finding a bottom in this strategy

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Gold looks to recapture 50 DMA at $1,932, as RSI flips bullish
Gold price is building on the previous recovery early Friday, looking to reclaim the $1,930 round level. The United States Dollar (USD) sees an extended correction from six-month highs, tracking the US Treasury bond yields lower.

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Mars wishes you a happy and happy evening with relatives and family on the weekend. Today, will you withdraw your profits to go on a relaxing trip with your loved ones and family?

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