On Wednesday(August 6), gold prices edged slightly lower from a two-week high, mainly due to some investors taking profits. However, the overall pullback was mild, indicating that bullish sentiment remains strong.
The market is focused on U.S. President Donald Trump's upcoming announcement regarding the Federal Reserve Chair nominee, a move that could significantly influence the future interest rate path and have a medium-to-long-term impact on gold prices.
Currently, the price of gold has dipped slightly due to technical adjustments, but the overall bullish structure remains intact.
Spot gold is quoted at $3,369.25 per ounce, fell 0.34% on the day.
Trading suggestion: After reaching a daily low of $3,358, gold saw a strong rebound. During the U.S. session, it peaked at $3,380 before consolidating, and eventually closed at $3,368.6, forming a daily candle with a long lower shadow and a small bearish body. This kind of candlestick pattern suggests potential for further upward movement.
Trading Strategy: Buy near 3,353, Stop loss 3,348, Target 3,365–3,386.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()