Fundamental Factors
1) OPEC JMCC Meeting likely to freeze output by today meeting
2) US Wages growth lagged and unemployment rose , traders are pricing in a 57% of a 75 basis point hike.
Fundamental range is between 1707- 1715
XAUUSD : The trend is Bullish.
Technical Analysis
1) Support Area is between 1691- 1696
2) Resistance area is between 1726 – 1732
Seek for sell or buy opportunity , entry at lower timeframe to enter for self confirmation or based on your own technical analysis understanding.
XAUUSD : The trend is Bullish.
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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