Market Analysis of XAUUSD on Thursday 6 JUNE 2024

2024-06-06 18:01Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

                                                                                                                                                                                                                              15 minute chart showing calculations it is running in positive trend and its immediate strong support  area 2343 to 2360 level . It can rise towards 2450 level .Stop loss for buying is 2314 level and intraday targets are 2365 ,2368 and 2372 levels respectively .

QUICK FUNDAMENTAL LOOK                                                                    

Any negative surprises in U.S. nonfarm payrolls data due Friday could prompt a shift in the Fed's hawkish tone, potentially driving up bullion prices, Deveya Gaglani, senior research analyst at Axis Securities, says in a note.

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

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