Market Analysis of XAUUSD on Tuesday 18 JUNE 2024

2024-06-18 18:35Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

 

15 minute chart showing calculations it is running in positive trend and its immediate strong support  area 2310 to 2325 level  .Stop loss for buying is 2287 level and intraday targets are 2316,2319 and 2322 levels respectively .

QUICK FUNDAMENTAL LOOK                                                                    

Gold prices edged higher on Tuesday as Treasury yields eased, with market participants awaiting U.S. data and comments from Federal Reserve officials for more clarity on the central bank's roadmap for interest rate cuts.

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

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