Forecast for XAUUSD 30 August 2022 for Fundamental Analysis and Technical Analysis

Fundamental Analysis

1) FOMC Member Brainard Speaks spiking for interest rate

2) CB consumer confidence to tick up slightly to 97.9 from 95.7

3) FOMC Member William Speaks would support the interest rate.

4) Best Buy report earnings would increase per share of $1.29

5) JOLTs job openings expecting openings to number 10.475 million
down from 10.698 million

Range Price for fundamental analysis is

Support : 1677.84 to 1736.24
Resistance : 1750 to 1761.90

XAUUSD : The trend is Bearish.

Technical Analysis

look at Daily and weekly chart

1)Support area is between 1722.75 to 1731.29

2)Resistance area is between 1754.83 to 1745.77

Seek for Buy opportunity if the prices croses resistance area
in 1 hour time frame.

Seek for Sell opportunity if the prices crosses the support area in 1 hour time frame.

Go to lower timeframe and place your buy or sell and confirm with your own technical
analysis understanding

Sources from Investing.com and Forexfactory.com

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

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