Analisa Harian - Weltrade MY

Forecast for XAUUSD 8 SEPT 2022 for Fundamental Analysis and Technical Analysis

Fundamental Factors

1) Focus this week will be on the FOMC Bernard, where it is to deliver a 75-basis-point interest rate hike at 75 % chance in this month.

2) Unemployment claims is forecasted higher but looking at previous data,it has been lower

Fundamental Range is between 1710-1728

XAUUSD :The trend is Bearish

https://youtu.be/Wqdep1A22aw

Technical Analysis

Check on the daily chart for support and resistance

1) Resistance area : 1726.60-1730

2) Support area : 1690-1695

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

XAUUSD :Trend will be bearish if it crosses the support point and trend will be bullish if crosses the resitance area.

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

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

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

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

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