𝙎𝙥𝙤𝙩 𝙂𝙤𝙡𝙙 𝙈𝙖𝙞𝙣𝙩𝙖𝙞𝙣𝙨 𝘽𝙪𝙡𝙡𝙞𝙨𝙝 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, 𝘼𝙥𝙥𝙧𝙤𝙖𝙘𝙝𝙚𝙨 𝙍𝙚𝙘𝙤𝙧𝙙 𝙃𝙞𝙜𝙝 𝙤𝙛 𝟮,𝟱𝟯𝟭.𝟲𝟬 📊 Market Analysis Product: XAU/USD Prediction: Increase 🔵Technical Analysis: The daily chart for XAU/USD shows the bright metal hovers around Friday’s high and aims to extend gains. Technical indicators have partially lost their upward strength but hold well above their midlines, far from suggesting bullish exhaustion. At the same time, Gold stands above all its moving averages, with the 20 Simple Moving Average (SMA) heading firmly north at around $2,458.75. 🟢Fundamental Analysis: Spot Gold retains its bullish bias at the beginning of the week, extending Friday’s gains towards the record high posted last week at $2,531.60. The US Dollar trades mixed across the FX board but was overall weak after Federal Reserve (Fed) Chairman Jerome Powell said that the time has come for monetary policy to adjust, speaking at the Jackson Hole Symposium. Once again, Powell conditioned an interest rate cut to incoming data, but market participants are confident the Fed will deliver a rate cut in the upcoming September meeting. Obtain 𝑇𝑒𝑐ℎ𝑛𝑖𝑐𝑎𝑙 𝐴𝑛𝑎𝑙𝑦𝑠𝑖𝑠 everyday by joining our team: https://shorturl.at/cjLi4