Market Analysis of XAUUSD on Tuesday 1 August 2023

2023-08-01 19:31Source:BtcDana

DAX 40 TECHNICAL ANALYSIS SHORT TERM VIEW    

 Dax 40 has support  16070 to 16215 levels as shown in graph.Last wave is looking impulse and last wave 5 is in extension zone ,so it can sharply rally for 16450 levels towards.Buying can be done with stop loss 16050 expecting rally towards 16450 level  sharply.

 QUICK FUNDAMENTAL LOOK                                                                     

Stocks in Red as Germany’s Manufacturing Slump Worsens,Germany’s blue-chip DAX index was 0.94% lower on Tuesday midday amid downbeat data signaling the further deterioration of manufacturing conditions in Europe’s largest economy.

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

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