Focus is now on Fed Chair Jerome Powell’s address to the Jackson Hole Symposium later this week, which is expected to shine more light on a potential dovish pivot. But Fed officials have largely dismissed speculation that the central bank will slow its pace of rate hikes.
As long as the GOLD price stays above 1745 on a four-hourly basis, we will see the daily support level at 1736. On the upside, if the price goes beyond 1745, the next resistance level will be at 1763.
23 Aug 22 (Tue)