PBFX India | Gold Rose 0.1%

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On Wednesday (August 27), gold prices showed relative stability under the dual influence of Federal Reserve policy uncertainty and geopolitical risks, though underlying volatility remains significant.


The gold market stands at a crossroads of multiple factors: its current stability stems from a wait-and-see sentiment, yet Fed internal divisions, inflation data, U.S. bond market dynamics, and the stock market’s AI-driven rally are quietly shaping its future path.


In the short term, PCE data will be the decisive variable — a dovish reading could push gold to break higher. In the longer run, Trump’s potential policy interventions may amplify easing expectations and strengthen gold amid a wave of safe-haven demand.


Spot gold edged up 0.1% to $3,397.18/oz.


Trading suggestion: After testing the recent breakout pullback support at $3,373.5, gold consolidated before rallying during U.S. trading hours. The daily high reached $3,399 before consolidating again, and the session closed at $3,397.1 with a hammer candlestick showing a long lower shadow. This suggests effective support retest, and today the bullish trend is likely to continue.

Trading strategy: Buy near 3,385, SL 3,379, TP 3,400–3,435.


PBFX India | Gold Rose 0.1%


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