Market Analysis of XAUUSD on Monday 3 JUNE 2024

2024-06-03 18:01Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW                                                                                                                        15 minute chart showing calculations it is running in positive trend and its immediate support area 2277 to 2336 level . It can rise towards 2450 level .Stop loss for buying is 2270 level and intraday targets are 2331 ,2335 and 2340 levels respectively .

QUICK FUNDAMENTAL LOOK                                                                    

Gold prices were little changed on Monday as traders awaited more U.S. economic data this week, after recent data showed that inflation stabilised and lifted hopes for the Federal Reserve to cut interest rates later this year.


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

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