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Forecast for XAUUSD 25 August 2022 for Fundamental Analysis and Technical Analysis

1) U.S. Gross Domestic Product (GDP) QoQ is forecasted between -0.7 to -0.8.

2) U.S. Core PCE Price Index MoM is forecasted 0.3% lower than
the previous 0.6%.

3) Unemployment claims for US is forecasted at 253000 compared to 250000

The trend is still Bearish as we would wait for more confirmation on the news tommorrow by Jay Powell.

XAUUSD : Range for fundamental is 1750 -1776

XAUUSD: Trend is Bearish.

https://youtu.be/FKXktWkV4_8

Technical Analysis

1) Support area is between 1749 -1758

2) Resistance is between 1767 to 1776

XAUUSD : Check Daily time frame based on the support area and resistance area given.

Seek for sell or buy opportunity , entry at lower timeframe to enter for self confirmation or based on your own technical analysis understanding.

Sources from Investing.com and Forexfactory.com

For further information, contact me ,Gurmit at +60142584067,I will guide anyone that would like to register with Weltrade. Cna register at the below link. Thank you.

https://my.weltrade.com/?r1=ipartner&r2=49989

Can join at our telegram group at https://t.me/weltrademalaysiaofficial .

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