Gold fell all the way to 2475 after the release of the number of people applying for unemployment benefits in the United States on August 17 at 10:00 Eastern Time, and then rebounded slightly and is currently trading around 2493.
Piovano pointed out that the market's attention is still focused on the speech of Federal Reserve Chairman Powell in Jackson Hole.
This will determine whether gold can stand above the new historical high of 2530 or fall below the third support line of 2450.
Support level: 2470.85/ounce; 2450.22/ounce; 2430.35/ounce
Resistance level: 2519.18/ounce; 2531.76/ounce; 2535.00/ounce
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