Market Analysis of XAUUSD on Friday 3 November 2023

2023-11-03 19:54Fonte:BtcDana

XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW      

  XAUUSD short term pattern irregular correction abc is near to complete or already completed and it is ready to rise above 2010 levels   .It changed the trend into positive trend and intraday support 1979 to 1985 and without touch 1969.50 it can hit target 2010.Short term support area 1926 to 1953 levels and positional stop loss is 1920 for first target 2010 then 2100 levels .1 minute chart indicating Intraday targets 1988,1991 and 2010 respectively without touch 1969.50.

 QUICK FUNDAMENTAL LOOK                                                                     

Gold struggled for momentum on Friday, as investors refrained from making big bets ahead of a report on U.S. October non-farm payrolls that could offer more clues to the Federal Reserve's interest rate path.

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

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