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