Forecast for 24 August 2022 for Fundamental Analysis and Technical Analysis

1) Core durable goods orders are forecasted at 0.2%

2) Investors will be eagerly awaiting for Jay Powell speech in Jackson Hole on the interest rate updates

3)New home sales were lower at 511000 compare to forecasted one at 575000

4) Pending home sales month to month forecasted at -4.0

XAUUSD: Fundamental range is between 1747.91 to 1826.95

XAUUSD : Trend is Bullish.

Technical Analysis

1) The range is between 1736 to 1714,waiting for the news tonight for support.If price breakout ,downtrend will continue.

2) Price is rangging at 4 Hours timeframe ( H4)

XAUUSD:Seek for sell or buy opportunity , entry at lower timeframe based on your own technical analysis understanding.

Sources from and

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

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