Bull market begins: 15-day trend analysis

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Bull market begins: 15-day trend analysisGoldOANDA:XAUUSDActuaryJLooking ahead to the next 15 days, the focus will be on economic data and official speeches, which will influence the future direction of gold prices. Close attention will be paid to Federal Reserve Chairman Warsh's speech at the Jackson Hole symposium. If long-term US Treasury yields continue to be suppressed, and market concerns about debt sustainability intensify, gold, as an asset with limited supply and no credit risk, may continue to be favored by the investment market. Yesterday, gold prices initially fell before rising. Influenced by profit-taking after the previous day's surge, prices slightly retreated to the 4450 support level before quickly stabilizing and rebounding. During the New York session, bulls rallied to a high of 4540, forming a deep V-shaped reversal. The bullish recovery was strong. After this rally, prices are currently consolidating at high levels. The overall bullish structure remains intact, but the momentum for further upward movement has slowed. This is a consolidation pattern after an uptrend, without clear reversal signals or sufficient strength to break new highs. Do not blindly chase the rally at these high levels! Predicted Buy/Sell Range: BUY: 4475-4480 BUY: 4465-4470 Stop Loss: 4440, Target: 4550-4600