LIGHTNING-RAPID UPDATE 🕯 Gold (XAU/USD) 🟡 TP ✅ @: 4581.59 OR CLOSE… — 🇬🇧 SmartTrader TRIAL - Fundamental Market Research & Analysis

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🇬🇧 SmartTrader TRIAL - Fundamental Market Research & Analysis🔰 VIP SIGNAL 🕯 LONG (BUY) 🔼 Gold (XAU/USD) 🟡 ⚠️ HIGH Volatility; 2/3 position size TP ✅ @: 4614.49 ⚠️ ALREADY CLOSED ~near 4565 ⚠️ Recommended Entry ✅near/below 4550 ► Warsh’s speech may be surprising to some analysts, but it is exactly in line with my…

LIGHTNING-RAPID UPDATE
Gold (XAU/USD)

@: 4581.59
OR
CLOSE

@: near/above 4574
ALREADY CLOSED 📸

Bitcoin (BTC/USD)

@: 79447.90

We have a very distant TP for Gold here and are tightening it or closing well in profit.

For now, swap markets are buying the signal Warsh wanted to send: a more hawkish Fed. His comment that there is still “work to do” is currently being interpreted by the market as a signal toward rate hikes.

Precious metals remain fundamentally bullish, but we are currently not seeing a market that is disappointed by Warsh’s first speech in Jackson Hole.

Cryptocurrencies also remain bullish - but we are working with a tighter TP

. In Gold, we are still seeing support near or below 4550 for now. We also saw higher lows.

The USD has given back part of its gains. If today were not Friday, the USD would have more correction potential here. However, we expect the USD to keep most / all of its gains, with EUR/USD likely hovering around 1.16000 and USD/JPY near 160.000 - which is more of a headwind than a tailwind for Gold and cryptos.

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