Market Analysis of XAUUSD on Friday 13 SEPTEMBER 2024

2024-09-13 18:12Source:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and stop loss is 2527  level . It can rise towards 2600 level in short term in form of wave 3   .Intraday purpose buying is better with stop loss 2527 level expecting intraday targets 2572, 2574 and 2578 levels respectively . Strong support area is 2537 to 2550 level .


QUICK FUNDAMENTAL LOOK

                                                                   

Gold prices rise on Friday, with investors piling into gold as they await the Federal Reserve to cut interest rates next week following the latest string of U.S. data.


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

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