Market Analysis of XAUUSD on Friday 21 July 2023

2023-07-21 18:56Source:BtcDana

XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW   

      It is running in positive trend and at level of 1987 irregular correction is made so it can jump sharply above that level.Intraday support is 1953 to 1965 level and 1943.50 is stop loss for this calculation.It can jump for 1987 levels sharply without touch  1943.50 .Overall it can jump for 2100 levels with stop loss 1931.

 QUICK FUNDAMENTAL LOOK                                                                     

Gold prices slipped on Friday as the dollar rebounded to its highest in more than a week after positive weekly U.S. jobs data renewed uncertainty over whether the Federal Reserve will stop raising interest rates after an expected increase next week.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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