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Today's foreign exchange market
Abstract：XAUUSD Technical Analysis
Today's foreign exchange market
Gold made a technical adjustment after hitting a record high of $2,500 on the day, driven by falling U.S. Treasury yields, but finally traded at $2,506. Profit-taking exacerbated volatility before the weekend.
Traders widely expect the Federal Reserve to cut interest rates from September. The U.S. CPI data for July strengthened confidence that price pressures will return to the expected 2%. All of this increases the appeal of gold
Gold opened at around 2,507, and as of press time, it rose to around 2,509 and as low as around 2,502. Pay attention to the 2520-2530-2540 resistance. If it fails to break through, it will test 2490-2480-2470
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