XAUUSD - News trading strategy on August 31
Forecasting the gold price trend, gold experts believe that gold prices will continue to recover firmly but there are still potential risks in the near future.
The cooling labor market is driving growth in the gold market, but it is too early for advisors to see a decisive attitude in the market, according to one market strategist.
Meanwhile, according to Randy Smallwood, CEO of Wheaton Precious Metals and President of the World Gold Council, gold continues to assert itself as a global store of value, attracting a new generation of investors.
Smallwood added that the World Gold Council has seen significant interest from banks around the world in numismatics. Bitcoin's lackluster performance throughout 2023 could allow gold to shine in digital markets, he said.
XAUUSD SELL 1944-1946 🔽🔽
✅TP1: 1940
✅TP2: 1935
🚫SL: 1956
The cooling labor market is driving growth in the gold market, but it is too early for advisors to see a decisive attitude in the market, according to one market strategist.
Meanwhile, according to Randy Smallwood, CEO of Wheaton Precious Metals and President of the World Gold Council, gold continues to assert itself as a global store of value, attracting a new generation of investors.
Smallwood added that the World Gold Council has seen significant interest from banks around the world in numismatics. Bitcoin's lackluster performance throughout 2023 could allow gold to shine in digital markets, he said.
XAUUSD SELL 1944-1946 🔽🔽
✅TP1: 1940
✅TP2: 1935
🚫SL: 1956
