🔥 WEEKLY GOLD SURVEY – Aug 24-28

🏘️Wall Street: 73% Bullish | 0% Bearish | 27% Neutral
🛣️Main Street: 78% Bullish | 12% Bearish | 10% Neutral

Gold just closed its 3rd straight weekly gain after smashing through $4,600.

Latest prices (Sun Aug 23):
🥇 Gold ≈ $4,603/oz
🥈 Silver ≈ $68.92/oz

What drove the breakout?
U.S. Treasury’s surprise move to double long-dated bond buybacks (≥$4B per operation), soaring debt concerns near $40T, and a weaker dollar. Markets saw it as another attempt to suppress yields without fixing the root problem → pure fuel for hard assets.

Analysts are almost unanimous: Up. Fundamentals (fiscal stress + central bank buying) still dominate. Momentum is stretched though — watch for short-term consolidation.

Key week ahead:
🔹Core PCE (Wed)
🔹Fed Chair Kevin Warsh’s first Jackson Hole speech (Fri)
Path of least resistance remains higher while gold holds above the 200-DMA and $4,600.
⏭️Next upside targets: $4,680–$4,700. Support zone: $4,500 / $4,390.

🟢Stay sharp. New week, new opportunities.

👉TRADE $XAU , $XAG HERE