Market Analysis of XAUUSD on Thursday 22 AUGUST 2024

2024-08-22 20:14Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and stop loss is 2465 level . It can rise towards 2600 level in short term .Intraday purpose buying is better with stop loss 2465 level expecting intraday targets 2504, 2507 and 2510 levels respectively . Strong support area is 2474 to2496 level .

QUICK FUNDAMENTAL LOOK

                                                                   

Gold steadied around $2,510 per ounce on Thursday, remaining close to record levels as markets continued to assess the Fed's dovish stance reflected in the recent FOMC minutes.


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

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