Gold’s Thespian Debut: From Jackson Hole to $3,500 – The Final Act

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Ah, gold-a shimmering relic of mankind’s perpetual obsession with the shiny. The latest spectacle unfolded on August 22, 2025, when the august Jerome Powell took to the stage at Jackson Hole, cloaked in the kind of gravitas that only a Federal Reserve Chairman can muster. His remarks, which tantalized the market with hints of a lowering interest rate in September (because what’s life without a little hope?), sent gold soaring like a diva on opening night.

As Powell charmingly suggested that the economy might just be on its best behaviour, gold’s price ascended gracefully by around 1%, flirting with $3,370 an ounce. Meanwhile, the dollar took a backseat, and Treasury yields, those ever-dull but essential actors, bowed gracefully, opening the door for our favorite safe haven to strut its stuff. The market’s collective imagination was stirred: perhaps we’re drafting a dovish masterpiece, and gold is the star.

buy. Targets? Oh, yes-$3,440 and perhaps an audacious leap into new ATH territory beyond $3,500. Reflecting on this week’s pivot points, trends, and economic theatrics from August 25th through 29th, 2025, we’re in for quite the spectacle.

Contents, because apparently even markets like a bit of reading:

Upcoming Acts in the Economic Opera

This week’s plot thickens with some riveting US reports destined to influence the gold saga:

Aug 28 – Prelim GDP q/q (3.1% vs. 3.0%)

If growth’s glowing performance persists, gold might just take a bow; the USD would likely enjoy a little encore as well. But hey, if the economy’s peaking, gold retains its swagger.

Aug 28 – Unemployment Claims (231K vs. 235K)

Fewer claims mean a robust labor market-a nemesis for gold’s allure, as the Fed keeps its hawkish stance. But if claims spike unexpectedly, gold’s encore is inevitable.

Aug 29 – Core PCE Price Index m/m

The Fed’s chosen inflation metric; mild figures could spark a bullish gold parade, while scorching numbers might dampen the festivities, hinting at rate hikes that cast a pall over precious metals.

Overall Gold Prognosis

This week’s mix of inflation, jobs, and growth data promises a volatile performance. A mellow PCE might send gold soaring, but brawny GDP and employment figures threaten a sour note.

Gold’s High-Finance Flirtation: The Long View

Remember, dear reader, gold continues to hint at a bullish surge-a magnum opus moving towards $3,440 and possibly beyond, with the older high of $3,500 on the horizon like a starry-eyed muse.

Expect the price to dance from the $3,340-$3,352 sweet spot, the “buy zone”, as the market’s favorite dancefloor. Meanwhile, resist force fields at around $3,381-$3,402-where the brave often falter.

The Forecast’s Crystal Ball (or, the Expected Path)

In the 4-hour cocktail of technical analysis, the zone between $3,352 and $3,340 remains the “sweet spot”-a POC for rallying or a fall-back for the cautious. Conversely, resistance begins at $3,388-$3,402, where the big boys might get a little nervous.

Strategic Moves and Investment Parades

Gold remains a complicated flirt: on lower frames, sells might tempt the brave, but the upper echelons still favor buying. A classic case of “let’s buy the dips and sell the peaks”-like a game of high-stakes musical chairs, but with shiny stuff.

Resistance to watch:

  • $3381-3402 – the battleground and primary supply zone

Support to cling to:

  • $3352-3340 – the loyal POC and breaker zone, where gold might bounce back like a well-trained boodle

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2025-08-26 14:20