Orbex: Uptick On Gold but is it Enough to Break $1900?

<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/08/22092700/Market-Insights.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Daily Analysis Gold 22.8.2023" decoding="async" loading="lazy" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/08/22092700/Market-Insights.png 750w, https://assets.iorbex.com/blog/wp-content/uploads/2023/08/22092700/Market-Insights-300×172.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></div><p>After some positive sessions, Gold seems to have found a slight correction in price action.</p>
<p>With a bearish channel confirmed, will the yellow metal remain under pressure at $1900?</p>
<p>Fed Chair Powell could shake up the markets with his testimony on Friday, but until then, will there be any more surprises in the metal market?</p>
<p>XAUUSD 01:35<br />
DXY 03:00</p>
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