Скачать или смотреть XAUUSD Shines Bright Safe Haven Demand Lifts | Analyze XAUUSD

Hello everyone, what are your thoughts on XAUUSD ?

Yesterday, XAUUSD continued its impressive recovery, with the precious metal trading as high as 3,393 USD and still holding around 3,387 at the time of writing.

This sharp rally from near 3,350 up to almost 3,400 is largely driven by the broad sell-off in the U.S. Dollar (USD) and weaker short-term U.S. Treasury yields. These factors boosted safe-haven demand for gold as investors shifted capital into the metal.

This week, the market will focus on the upcoming U.S. Personal Consumption Expenditures (PCE) report, due on August 29. As the Fed’s preferred inflation gauge, this data will be crucial in shaping expectations for potential Fed rate cuts, which could further influence gold’s direction.

I remain optimistic on gold’s outlook, with my analysis targeting resistance at 3,400 – 3,415 and support in the 3,350 – 3,360 zone. The short-term trend still favors the upside.

What do you think about XAUUSD? Share your view!
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