Market Analysis of XAUUSD on Friday 7 JUNE 2024

2024-06-07 18:56Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

                                                                                                                                                                                                                      15 minute chart showing calculations it is running in negative trend and its immediate strong resistance  area 2347 to 2354 level . It can fall below 2314 level .Stop loss for selling is 2357 level and intraday targets are 2330 ,2327 and 2324 levels respectively .


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Gold prices fell more than 1% on Friday after data showed China's central bank paused gold purchases in May after 18 consecutive months of buying.

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

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