XAUUSD UPTREND CORRECTION | 08.01.23 WEEKLY ANALYSIS

Fundamental & Technical Analysis

Reason For XAUUSD Short

1. Obey strong Resistance @ 1880

2. Make a Fake breakout @ 1660 and make a Trap for Buyers

3. As it was in Bullish engulfing it it may Smell up to 1880

4. Bearish Rising wedge Confirm the Short sell in strong uptrend

Fundamental Reason

Retest dxy around 104 ,if break Below and touch 103 XAUUSD reach 1880 if retested 101 the reach 1910 and Make Fall