Gold price prediction August 23, 2023
World gold price this morning on August 23 increased by 6.3 USD to 1,990.8 USD/ounce. Gold futures in December last traded at $1,929.4 per ounce, up $3.4 so it closed today.
Gold prices in the international market are currently on the third consecutive increase after plunging below the key support of $1,900 an ounce amid a "hot" fall in the dollar and a slight decline in US bond yields. However, gold needs more time to break out.
Most investors and analysts are believing that the speech of the Fed Chairman at Jackson Hole will be less "tough", which is also the reason why gold prices have 3 consecutive gaining sessions, recovering again. back to the $1,900 mark after creating a bottom.
Gold prices in the international market are currently on the third consecutive increase after plunging below the key support of $1,900 an ounce amid a "hot" fall in the dollar and a slight decline in US bond yields. However, gold needs more time to break out.
Most investors and analysts are believing that the speech of the Fed Chairman at Jackson Hole will be less "tough", which is also the reason why gold prices have 3 consecutive gaining sessions, recovering again. back to the $1,900 mark after creating a bottom.
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✅ TP1: 1907
✅ TP2: 1905
⚠️ SL: 1885