Market Analysis of XAUUSD on Thursday 19 SEPTEMBER 2024

2024-09-19 18:39Source:BtcDana

XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW    


 XAUUSD running in positive trend and its immediate strong support are 2550 to 2565 level .  Stop loss is 2537 level and it can rise above 2602 level in form of wave 5 .Intraday purpose buying is better for targets 2595,2598 and 2602 levels respectively with stop loss 2537 level.


QUICK FUNDAMENTAL LOOK                                                                    


Gold shot up to a fresh record of $2,600 per ounce after the keenly-anticipated cut to interest rates from the Federal Reserve ignited a bull run.


 

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

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