8.25 Golden Early Morning Outlook
U.S. Treasury yields are moving at low levels, the U.S. dollar is weak, and in addition, central banks around the world continue to buy gold, while geopolitical conditions remain unstable—providing solid long-term support for gold prices.
The market is waiting for the Jackson Hole meeting. If the Fed releases signals of easing, gold may start a new round of upward movement.
On the larger time frame, the bullish trend remains intact. Gold has held above the moving averages; the 4-hour upward channel is intact, and pullbacks are supported by strong buying strength.
Reference: a dip to the 4650‑4670 zone, low risk; target 4720, 4750#黄金反弹站上4600美元 $XAU
U.S. Treasury yields are moving at low levels, the U.S. dollar is weak, and in addition, central banks around the world continue to buy gold, while geopolitical conditions remain unstable—providing solid long-term support for gold prices.
The market is waiting for the Jackson Hole meeting. If the Fed releases signals of easing, gold may start a new round of upward movement.
On the larger time frame, the bullish trend remains intact. Gold has held above the moving averages; the 4-hour upward channel is intact, and pullbacks are supported by strong buying strength.
Reference: a dip to the 4650‑4670 zone, low risk; target 4720, 4750#黄金反弹站上4600美元 $XAU