XAU/USD is still trending down today

23 thg 8, 2023

XAUUSD The price of gold (XAU/USD) is showing a gradual increase near the $1,900 level. It is getting closer to the resistance confluence at $1,910 as investors prepare for several speeches by central bankers at the annual Jackson Hole Symposium.

The price of gold experiences a significant decline due to the rapid recovery of the US Dollar.

The tight labor market in the United States could impede efforts to maintain stable prices.

The crucial event to watch this week is Federal Reserve Chairman Powell's speech at Jackson Hole.