We consider the following thing on analysis upon xauusd (Gold) on dated 09-02-2022 as per the Chart and upcoming Global news:
- Our outlook is bearish
- Levels close to the 78.6% pullback level of 1838 found sellers
- A firmer opening is expected to challenge bearish resolve
- The bias is still for lower levels and we look for any gains to be limited
- Preferred trade is to sell into rallies
- Signal Type: Intraday
Recommendation: Sell limit @ 1834 TP 1818 and TP 1800
Read more : USDJPY analysis on dated 8-8-2022
