#GOLD XAUUSD rose b... dari Mr.Yang

#GOLD XAUUSD rose by about 0.4 percent on Monday to $4,391 per ounce amid a weaker dollar and weak U.S. economic data. The nearest catalysts are the Fed minutes (Wednesday) and data on housing and industrial production. Technically, resistance is at $4,400, followed by $4,440–$4,450; support is at $4,350 and $4,300. A break above could extend the August rally; a pullback would return gold to the range. #XAU/USD##technicalanalysis##GOLDTODAY#

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#GOLD The market is forming a local long squeeze around the 0.5 Fibonacci level and is gradually moving back toward the resistance zone. Consolidation above 4,629, the upper boundary of the range, confirms the market’s intention to continue higher. A deeper correction may still develop at the open of the European or U.S. session. However, for now, the market looks favorable for further upside. …………………………………………. 📈 Gold Trading Strategy #XAU/USD##technicalanalysis#

Mr.Yang

The U.S. Dollar Index (DXY) rose sharply following hawkish comments from Warsh: Warsh struck a hawkish tone, stating that price stability must remain the Fed’s priority. Warsh said that inflation data for the summer had improved, but the underlying trends had not changed significantly. The Fed must be confident that inflation is returning to its target—or “we have work to do.” He confirmed that the 2% annual inflation target is “firm and fixed. The market reacted accordingly to the news: #gold#

Mr.Yang