Market Analysis of XAUUSD on Thursday 7 NOVEMBER 2024

2024-11-07 16:54Source:BtcDana

XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW    


 XAUUSD running in positive trend and its immediate strong support are 2610 to 2666 level .  Stop loss is 2590 level and it can rise above 2810 level in form of wave 5 .Intraday purpose buying is better for targets 2666,2670 and 2675 levels respectively with stop loss 2590 level.


QUICK FUNDAMENTAL LOOK                                                                    


Gold remained around $2,650 per ounce on Thursday, after falling over 3% to hit a three-week low in the previous session, pressured by a stronger dollar following Donald Trump’s US presidential victory.


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

More