Market Analysis of XAUUSD on Wednesday 29 JANUARY 2024

2025-01-29 19:00Source:BtcDana

 XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW

XAUUSD  have immediate support 2707 to 2736 level  and it can hit firstly 2790 level and stop loss is 2695 level  . Intraday purpose buying is better  on 5 minute chart with stop loss 2651 level for upside targets 2765,2766 and 2768 level respectively .Irregular correction made on 2767 level as shown on chart so it can sharply bounce over 2766 level with immediate intraday support 27253 to 2757 level and stop loss is 2751 level .


QUICK FUNDAMENTAL LOOK

                                                               

Gold prices traded around $2,765 per ounce on Wednesday, extending a slight recovery from the previous session as uncertainty over US tariffs spurred safe-haven demand..


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

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