Market Analysis of XAUUSD on Wednesday 5 JUNE 2024

2024-06-05 18:20Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW                                                                                                                         15 minute chart showing calculations it is running in negative trend and its immediate strong resistance  area 2343 to 2360 level . It can fall towards 2316 level .Stop loss for selling is 2360 level and intraday targets are 2330 ,2327 and 2324 levels respectively .

QUICK FUNDAMENTAL LOOK                                                                    

The precious metal has broadly traded sideways this week ahead of Friday's nonfarm payroll data, which should provide some clarity around the Federal Reserve's pathway to monetary policy easing.

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

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