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

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.

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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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