Gold prices under pressure: $3,330-3,350
Upward momentum: Gold could break through $3,330 if the Federal Reserve hints at a September rate cut or the EU economy deteriorates.
Downside risks: Gold could fall below $3,300 if strong US economic data (such as GDP and PCE figures) are released.
Optimistic scenario: If the Fed cuts rates in September and global stagflation risks increase, gold could reach $3,400.
Pessimistic scenario: If the US economy experiences a soft landing, rising real interest rates could push gold prices down to $3,200.
Key Technical Levels:
Support: $3,300
Resistance: $3,330/$3,350
Aggressive Strategy:
Sell Price: $3,325-$3,330
Stop Loss: $3,335
Target Price: $3,310
Conservative Strategy:
Sell Price: $3,340-$3,350
Stop Loss: $3,355
Target Price: $3,330-$3,310
Bottom Picking Strategy:
Buy Price: $3,300-$3,310
Stop Loss: $3,290
Target Price: Above $3,350/$3,400
Upward momentum: Gold could break through $3,330 if the Federal Reserve hints at a September rate cut or the EU economy deteriorates.
Downside risks: Gold could fall below $3,300 if strong US economic data (such as GDP and PCE figures) are released.
Optimistic scenario: If the Fed cuts rates in September and global stagflation risks increase, gold could reach $3,400.
Pessimistic scenario: If the US economy experiences a soft landing, rising real interest rates could push gold prices down to $3,200.
Key Technical Levels:
Support: $3,300
Resistance: $3,330/$3,350
Aggressive Strategy:
Sell Price: $3,325-$3,330
Stop Loss: $3,335
Target Price: $3,310
Conservative Strategy:
Sell Price: $3,340-$3,350
Stop Loss: $3,355
Target Price: $3,330-$3,310
Bottom Picking Strategy:
Buy Price: $3,300-$3,310
Stop Loss: $3,290
Target Price: Above $3,350/$3,400
Free Signals：t.me/+VDHHxoHZg5liZDg0
The best gold trading team
Several senior traders jointly build a trading system
The best gold trading team
Several senior traders jointly build a trading system
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free Signals：t.me/+VDHHxoHZg5liZDg0
The best gold trading team
Several senior traders jointly build a trading system
The best gold trading team
Several senior traders jointly build a trading system
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.