Market Analysis of XAUUSD on Monday 15 JULY 2024

2024-07-15 10:53Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and its immediate strong support  area 2375 to 2393 level  .Stop loss for buying is 2360 level and It can rise upside for 2450 level in form of wave 5 .Wave 3 is going on which can take gold towards 2450 level non stop and sharp .


QUICK FUNDAMENTAL LOOK

                                                                   

Gold eased below $2,410 an ounce on Monday, sliding for the second straight session and facing pressure from a rising dollar as investors assessed the impact of an assassination attempt on former US President Donald Trump on financial markets.


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

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