Market Analysis of XAUUSD on Monday 6 November 2023

2023-11-06 12:55Fonte: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                                                                     

Perth Mint's gold product sales in October rose 15.8% from the previous month, the refiner said on Friday, as the Middle East conflict lifted 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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