Market Analysis of XAUUSD on Tuesday 15 OCTOBER 2024

2024-10-15 11:59Source:BtcDana

XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW    


 XAUUSD running in positive trend and its immediate strong support are 2600 to 2626 level .  Stop loss is 2590 level and it can rise above 2686 level in form of wave 5 .Intraday purpose buying is better for targets 2654,2657 and 2660 levels respectively with stop loss 2590 level.


QUICK FUNDAMENTAL LOOK                                                                    


Gold steadied around $2,650 per ounce on Tuesday after edging lower in the previous session, supported by rising geopolitical risks.


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

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