XAUUSD Weekly Review August 02 - 07 2026GoldOANDA:XAUUSDKimboSlice04Gold had a solid bullish MS and PA forming with data induced price movements. Rate hike bets have started to fade out with poor Labor Market readings shows us that 1) Inflation concerns have peaked with July's report. 2) Labor Market needs support with the current IR being high. Feds have a duty and operate with dual mandate of 1) Price Stability 2) Maximum Employment. On that note, I am looking to see if this weeks CPI and PPI data can continue/ extend Gold current bullish ms. No new escalations with US/Iran war. Talks of an on-going peace deal is underway. Oil is back down to pre-war prices showing us that the worst has already been priced in. Reports of Central banks purchasing demands into Gold at low demand prices.