Forecast for XAUUSD 19th August 2022 for Fundamental and Technical Analysis.

XAUUSD :Fundamental Analysis

1) GBP recessions , Inflation is high , currency has fell as much as 0.7%.
BOE increase interest rate will cause US dollar to strengthen.

2) Investors have not been put off by the threat of higher Fed rates.

3) China economy is slowing down due to zero covid policy which reduces production
and causes retail to slow down.

News from Investing.com and Forexfactory.com.

1) George also noted that the Fed was shrinking its $8.9 trillion balance sheet while raising rates, which would also help to restrain the economy. The pace of decline steps up next month to an annual pace of around $1 trillion.

2) A slower pace of BOE rate hikes has been a key reason behind sterling’s 11% tumble against the dollar this year, and the pound is seen falling more
to $1.19 in the next three months, said Kamakshya Trivedi, Goldman’s co-head of currencies, rates and emerging-market strategy. That’s more negative than
a consensus for $1.21.The view comes just ahead of an expected 75 basis-point hike by the Federal Reserve Wednesday, which would take its increases to 225
basis points since March. That’s much faster than the BOE’s 115 basis points since December, though economists expect the UK central bank to up the pace by lifting rates 50 basis points at its meeting next week.

XAUUSD :The trend is Bearish.

XAUUSD : Technical Analysis

For scalpers :

a)Resistance area is between 1771.96 to 1766.80

b)Support area is between 1735.40 to 1742.47

For Intraday :

c)If Breakout takes place at 1760, then potential support is at 1718.65 and potential resistance is at 1789.15.

XAUUSD :The trend is expected to be Bullish.

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Disclaimer: This analysis is following Investing.com and Forexfactory.com. You may follow based on your own discreetion.

Translation

XAUUSD : Analisa Fundamental

1) Kemelesetan GBP , Inflasi tinggi , mata wang telah jatuh sebanyak 0.7%.
Kadar faedah kenaikan BOE akan menyebabkan dolar AS mengukuh.

2) Pelabur tidak tertunda dengan ancaman yang lebih tinggi
Kadar Fed.

3) Ekonomi China semakin perlahan kerana dasar sifar covid yang mengurangkan pengeluaran
dan menyebabkan peruncitan menjadi perlahan.

Berita daripada Investing.com dan Forexfactory.com

1) George juga menyatakan bahawa Fed semakin mengecut kunci kira-kira $8.9 trilion sambil menaikkan kadar, yang juga akan membantu mengekang ekonomi. Kadar penurunan meningkat bulan depan kepada kadar tahunan sekitar $1 trilion.

2) Kadar kenaikan kadar BOE yang lebih perlahan telah menjadi sebab utama di sebalik sterling 11% jatuh berbanding dolar tahun ini, dan paun dilihat jatuh lebih banyak kepada $1.19 dalam tiga bulan akan datang, kata Kamakshya Trivedi, ketua bersama Goldman mata wang, kadar dan strategi pasaran baru muncul. Itu lebih negatif daripada konsensus untuk $1.21.Pandangan datang tepat mendahului jangkaan 75 mata asas kenaikan oleh Rizab Persekutuan pada hari Rabu, yang akan membawa kenaikannya kepada 225 mata asas sejak Mac. Itu jauh lebih pantas daripada 115 mata asas BOE sejak Disember, walaupun pakar ekonomi menjangkakan bank pusat UK akan meningkatkan kadar dengan menaikkan kadar 50 mata asas padamesyuaratnya minggu hadapan.

XAUUSD :Trendnya ialah Bearish.

XAUUSD : Analisis Teknikal

Untuk scalper:

a) Luas rintangan adalah antara 1771.96 hingga 1766.80

b)Kawasan sokongan adalah antara 1735.40 hingga 1742.47

Untuk Intraday:

c) Jika Penembusan berlaku pada 1760, maka potensi sokongan adalah pada 1718.65 dan potensi rintangan adalah pada 1789.15.

XAUUSD : Arah aliran ini dijangka menjadi Bullish.

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Penafian: Analisis ini mengikuti Investing.com dan Forexfactory.com. Anda boleh mengikut mengikut budi bicara anda sendiri.

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