Market Analysis of XAUUSD on Thursday 27 July 2023

2023-07-27 18:36Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW    

     XAUUSD  is running in positive trend so it can jump above 1987.50 level without touch 1943.50 level .Its important support area is 1953 to 1965 level as shown in graph .It is very good buy near to support for upside direction above 1987.50 .At level of 1987.50 level it has made irregular correction so this target can come sharply anytime.

 QUICK FUNDAMENTAL LOOK                                                                     

Gold prices held near their highest levels in a week in early Asian trading on Thursday after the U.S. Federal Reserve delivered a widely expected interest rate hike and investors digested fairly balanced comments from Chair Jerome Powell.

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

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