Market Analysis of XAUUSD on Tuesday 23 JULY 2024

2024-07-23 12:21Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW


15 minute chart showing calculations it is running in negative trend and stop loss is 2428 level . It can fall towards 2378 level   .Intraday purpose selling is better with stop loss 2428 level expecting intraday targets 2397 , 2395 and 2392 levels respectively .


QUICK FUNDAMENTAL LOOK

                                                                   

Gold stabilized near $2,400 per ounce on Tuesday after declining for four consecutive sessions, as traders focused on upcoming US economic data to reinforce rate-cut expectations by the Federal Reserve.


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

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