Market Analysis of XAUUSD on Friday 2 JUNE 2024

2024-06-14 17:59Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

 15 minute chart showing calculations it is running in negative trend and its immediate strong resistance  area 2221 to 2342 level  .Stop loss for selling is 2340 level and intraday targets are 2315 ,2312 and 2308 levels respectively .

QUICK FUNDAMENTAL LOOK                                                                    

Gold futures rise 0.4% to $2,327 a troy ounce, settling in a narrow band after the Federal Reserve damped any expectations of interest rate cuts soon following Wednesday's softer-than-expected U.S. inflation data.


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

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