Market Analysis of XAUUSD on Thursday 27 JUNE 2024

2024-06-27 17:58Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

 

15 minute chart showing calculations it is running in positive trend and its immediate strong support  area 2260 to 2325 level  .Stop loss for buying is 2240 level and intraday targets are 2312,2315 and 2320 levels respectively .It can rise upside for 2450 level in form of wave 5 .


QUICK FUNDAMENTAL LOOK

                                                                   

European stocks were struggling for direction in early trading on Thursday as traders waited for key inflation data, while markets were also on alert for signs of Japanese authorities intervening in the yen after further declines in the currency.


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

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