$SPDR Gold ETF (GLD.US)$ Friends who haven't caught up can wait patiently for a pullback; the 225.28 gap must be filled.
Since this year, gold has also been one of the best performing assets. Compared to the S&P 500, gold has remained strong at a high level. Now, expectations for the Fed to cut interest rates have strengthened slightly, so the king is back!
Driven by factors such as geopolitical tension, America's growing fiscal deficit, diversification of central bank reserves, and inflation hedging, gold rises and falls easily. Breaking through a record high is already a probable event.

$XAU/USD (XAUUSD.FX)$ XAUUSD H4
Gold once again reached a new record high and closed at a high level. The weekly level was the biggest K-line physical rise since March Gold was 2,300. SPDR Gold Trust, the world's largest gold ETF, increased its holdings by 2.02 tons and 7.19 tons on the 15th and 16th, respectively, the biggest increase in single-day holdings since June 20. According to CME data, the market's possibility that the Fed will cut interest rates by 50 basis points in September has fallen below 25%, and the US dollar index also fell below 103 on Friday, falling straight back to around 102.4. The dollar's decline led to a rise in dollar-denominated gold. On the geopolitical side, the cease-fire agreement in the Middle East has been blocked, and Belarus claims that the military has been deployed across the entire border with Ukraine. Risk aversion heats up at any time.
On the technical side, gold directly overthrew the previous peak around 2480 on Friday. Currently, 2480 may change to a top-bottom transition level, which is also an important support level for gold in the near future. The gold market changes extremely fast, and ideas need to be adjusted in a timely manner. Since there is no historical reference above, every 10 US dollar integers are used as resistance. Enter the market carefully, follow the trend, and stop losses strictly.
The upper line resistance is 2510, the second line resistance is 2515, and the third line resistance is 2520.
The lower line supports 2500, the second line supports 2490, and the third line supports 2480.
This is a general recommendation only and has not been examined...

$XAU/USD (XAUUSD.FX)$ XAUUSD H1
Gold settled around 2,500 yesterday, fell to an intraday low of around 2,485, and closed back 2,500. Gold prices have risen more than 26% from their lowest position this year, driven by the Federal Reserve's interest rate cut expectations, geopolitical safe-haven factors, and central banks' support for gold. As far as this week is concerned, the market's focus is on the Middle East's Palestinian-Israeli cease-fire negotiations and the threat from Iraq and Israel, as well as Powell's public remarks. Judging from historical trends, there is a negative correlation between the US dollar and gold. The downturn in the US dollar led to a rise in gold. In the past, when the US entered the interest rate cut cycle, only when the US chose a hard landing during the 2008 financial crisis, every interest rate cut cycle led to a rise in gold. Although the current forecast for a hard landing in the US is less than 25%, the market is still full of uncertainty.
On the technical side, gold rose strongly on Friday. It was sorted out yesterday Monday. The intraday low hit around 2,485, but all of them opened and closed above 2,500. Since the global collapse on August 5, the price of gold has continued to fluctuate upward in the upward channel. The central axis of the channel divides the price. The price rebounded after yesterday's low hit the central axis, and is currently in the upper half of the movement. We need to pay attention to the supporting effect of the central axis on the gold price. Enter the market carefully, follow the trend, and stop losses strictly.
The upper line resistance is 2510, the second line resistance is 2515, and the third line resistance is 2520.
The lower line supports 2500, the second line supports 2...

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According to Abel Avellan, Founder, Chairman, and CEO of AST SpaceMobile:
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