Xauusd analysis on dated 08-04-2022

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Xauusd (Gold) analysis on dated 08-04-2022 looks bullish. We recommend to buy prices rejection area dip. The pair looks move to higher (intraday) by today. This analysis is valid for today only.

  • Buying pressure from 1915 resulted in prices rejecting the dip
  • The lack of interest is a concern for bears
  • Further upside is expected
  • Dip buying offers good risk/reward

 

  • Recommendation: Buy/Buy limit @ 1915/1920  area Target/TP: 1950/1970

 

 

Make the trade