Gold today 17.08 The outlook is not optimistic

The dollar shot up to a near two-month high after the minutes, while benchmark 10-year Treasury yields reached their highest levels in nearly 10 months. Yields were also close to reaching levels last seen during the 2008 financial crisis.

The prospect of higher U.S. interest rates bodes poorly for gold, given that it increases the opportunity cost of investing in non-yielding assets. This notion had battered the yellow metal through 2022, and is expected to keep weighing on gold until the Fed decides to begin trimming rates.

after breaking through important price zones, Gold continues to be under pressure from the dollar, continuing its downtrend , Let's wait for gold to retest 1900 ⚡️ set up a sell order at the price range 1900 - 1992 . ⚠️ SL 1910. ✔️ TP 1890 ⚡️

What is your opinion? can let me know in the comment section, thanks.🌷
* Let's win the market together*

Comment:

🔥🔥🔥 Gold price hit a 5-month low, SPDR Gold Trust "shark" released nearly 7 tons of gold in 1 session 🔥🔥🔥

Comment:

⚡️ Gold prices rose slightly on Friday, recovering from a five-month low as the dollar saw some profit taking, although concerns over higher U.S. interest rates kept metal markets under pressure. ⚡️

Comment:

⚡️ Gold moves very limited waiting for the US session

Comment:

⚡️gold news ⚡️
-48/95 economists think the Fed will wait until at least the end of March before cutting rates

- 90% of economists see Fed keeping rates on hold in September

- 80% expect no more rate hikes this year

Trade active:

⚡️ gold is finding the support zone 1900 ⚡️
🔥Krado buy at 1984 price zone, now + 50 pips🔥
🔥Wishing everyone a successful trading week🔥

Trade active:

⚡️Hit TP 1984 => 1898 = 140pips⚡️

Trade closed: target reached:

⚡️+ 20 pips total 160 pips⚡️ close the plan

Comment:

⚡️Sell zone 1903 - 1905 ⚡️
⚠️SL 1910
🌟 TP 1 1890
🌟 TP 2 1885

Comment:

⚡️ Sel 1904 => 1895 + 90 pips⚡️
🌟Let's go with Krado to win the market🌟

Comment:

🌟Gold news 🌟
⚡️The Fed will try not to focus too much on short-term market movements
Fed needs to hit 2% target to ensure its credibility⚡️

Comment:

🌟Gold news 🌟
⚡️World gold price maintained a slight recovery trend near the bottom of 5 months, when US Treasury bond yields cooled down but the dollar resumed its uptrend. Amid market anxiety about the upcoming speech of Federal Reserve Chairman Jerome Powell, the giant gold fund SPDR Gold Trust continued to be strong net sellers.⚡️

Comment:

⚡️August US S&P Global Services PMI hits 51.0 vs 52.2 expected!⚡️

Comment:

⚡️Gold prices rose to a two-week high on Thursday as weaker-than-expected U.S. business activity data spurred bets that the Federal Reserve will have limited headroom to keep raising interest rates.⚡️

Comment:

Comment:

⚡️The gold found some support this week, as weak business activity data spurred bets that the Fed had limited headroom to keep raising interest rates.⚡️