Trading Strategy 📅 Date: August 28, 2025
📈 Gold prices surged to a two-week high of 3,401 dollars per ounce, driven by concerns over the independence of the U.S. Federal Reserve after President Trump’s dismissal of Lisa Cook. This move sparked market uncertainty and boosted demand for gold as a safe-haven asset. 💰
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However, the upside was limited due to a weaker euro and growing political uncertainty in France, as well as less dovish comments from the New York Fed’s John Williams. 🏦
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Trading Strategy:
Consider buying on dips if gold stays above 3,374 dollars per ounce.
If prices breach 3,374 dollars, wait for a potential buy in the 3,353–3,343 dollar per ounce support zone.
Take profits if prices fail to break 3,399–3,409 dollars per ounce.
Stop-loss at 3,343 dollars per ounce.
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📅 Date: August 28, 2025
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