Forecast for XAUUSD 5 SEPT 2022 for Fundamental Analysis and Technical Analysis

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 and

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