Market Analysis of XAUUSD on Tuesday 14 AUGUST 2024

2024-08-20 19:35Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and stop loss is 2460 level . It can rise towards 2700 level  .Intraday purpose buying is better with stop loss 2460 level expecting intraday targets 2526, 2530 and 2535 levels respectively . Strong support area is 2468 to2488 level .

QUICK FUNDAMENTAL LOOK

                                                                   

Gold futures set a fresh record as optimism around U.S. interest-rate cuts grows and central banks continue to build reserves.


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

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