Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Event Contracts
New
Predict price moves and seize opportunities
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
Stock CFD Derivatives
US Stocks
0 Fee
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
JP Stocks
Top Japanese stocks, all in one place
Stock Futures
High leverage, 24/7 trading
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD Flexible US Treasury
3.8%
Earn reliable returns from treasury-backed RWAs
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
9.99%
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Gold Continues Volatile Rise: $4,800 Target
Gold prices continued their strong rise in August, climbing to $4,673. XAUUSD closed the last trading session up 1.52% at $4,673, having reached as high as $4,677 during the day. The price has gained approximately 11% since the beginning of August, surpassing the $4,500 level.
Factors Behind the Rise
Several factors are behind this rise in gold prices. First, the US Treasury Department's announcement of increased bond buybacks and ongoing geopolitical risks. Second, continued gold purchases by central banks and weakness in the dollar index. Third, increased demand for safe-haven assets by investors ahead of the Jackson Hole Economic Policy Symposium.
Technical Outlook and Critical Levels
The price broke above the $4,655 resistance level, establishing a sustained position. This is considered a technical confirmation for the continuation of the rise.
• Upward Targets: $4,720, $4,800, and $5,070 according to the SRL(5,5) indicator.
• Support Levels: $4,600 and $4,555.
Potential Risks
The rapid rise in August may pave the way for profit-taking in the short term. In particular, some investors taking profits in the $4,660-$4,680 range before the Jackson Hole Symposium could trigger a technical correction. In this case, a price pullback to the $4,600 or $4,555 levels seems possible.
Assessment
Gold is in a strong uptrend. Maintaining above the $4,655 level strengthens the $4,800 target. However, it is necessary to be vigilant against possible short-term corrections. Overall, the bullish outlook remains.
This post is not investment advice and is for informational purposes only regarding market conditions.
$XAUUSD #GateStockInsightsChallenge
Gold prices continued their strong rise in August, climbing to $4,673. XAUUSD closed the last trading session up 1.52% at $4,673, having reached as high as $4,677 during the day. The price has gained approximately 11% since the beginning of August, surpassing the $4,500 level.
Factors Behind the Rise
Several factors are behind this rise in gold prices. First, the US Treasury Department's announcement of increased bond buybacks and ongoing geopolitical risks. Second, continued gold purchases by central banks and weakness in the dollar index. Third, increased demand for safe-haven assets by investors ahead of the Jackson Hole Economic Policy Symposium.
Technical Outlook and Critical Levels
The price broke above the $4,655 resistance level, establishing a sustained position. This is considered a technical confirmation for the continuation of the rise.
• Upward Targets: $4,720, $4,800, and $5,070 according to the SRL(5,5) indicator.
• Support Levels: $4,600 and $4,555.
Potential Risks
The rapid rise in August may pave the way for profit-taking in the short term. In particular, some investors taking profits in the $4,660-$4,680 range before the Jackson Hole Symposium could trigger a technical correction. In this case, a price pullback to the $4,600 or $4,555 levels seems possible.
Assessment
Gold is in a strong uptrend. Maintaining above the $4,655 level strengthens the $4,800 target. However, it is necessary to be vigilant against possible short-term corrections. Overall, the bullish outlook remains.
This post is not investment advice and is for informational purposes only regarding market conditions.
$XAUUSD #GateStockInsightsChallenge