Project Updates

Gold is waiting for something to break out ? Hello everyone, What are your thoughts on the price of gold? Currently, today's gold price continues to show strength with gold trading around the $1933 mark. It is evident that this metal is still demonstrating its power as there have been significant increases in price since it touched the $1900 mark. However, today's gold has not yet been able to make a major breakthrough due to the market seemingly being cautious and waiting for news from the Federal Open Market Committee (FOMC), the policy-setting body of the Federal Reserve. The FOMC meeting will be held on Wednesday. At that time, a clearer view of where gold is heading will be apparent. Today we have some important milestones: XAUUSD Sell zone 1937 - 1939 XAUUSD Buy zone 1922 - 1924 Comment: good luck Comment: After analyzing the 4-hour chart, Brian has noticed that gold is showing signs of forming a new peak at a high price of $1933 Comment: At the time of the survey, DXY measured greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.07%; at 105.12. Comment: Gold price is increasing Comment: According to experts, in the long term gold still has many prospects for price increases. （Source from: TV-DNA_BrianTrading）

Gold price increased the most in 3 weeks Hello! I am delighted to engage in a discussion about today's market. Currently, on August 31st, the gold market continues to experience a strong upward trend and has reached a level of 1947 USD per ounce. The reason behind this significant increase in the price of gold may be attributed to the decline of the US dollar, which provides substantial support for its rise. The decrease in the value of USD can be attributed to the potential weakening of the United States' financial strength as emerging economies from BRICS (Brazil, Russia, India, China, and South Africa) gain prominence. This development is expected to greatly benefit gold in the near future. Lastly, I would like to wish you all a wonderful day filled with success and victories ahead. Comment: According to CME's FedWatch tool, the market is betting on a 43% chance of the Fed raising interest rates at its November 2023 meeting. Comment: The precious metal will continue to establish itself as a global store of value, attracting a new generation of investors who have experienced unprecedented volatility. Comment: At the time of the survey, DXY measures greenback volatility with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down another 0.11%, to 103.05. Comment: good luck everyone （Source from: TV-HL-TradingFX）

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