Market Analysis of XAUUSD on Tuesday 15 May 2024

2024-05-15 18:01Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW                                                           1 hour chart showing calculations it is running in positive trend and its immediate support area 2264 to 2330 level .It made simple zigzag abc correction  so it can jump over 2435 level in  short term .Wave 3 is going on and immediate support are from 2356 to 2362 levels.Upside minimum target is 2378.70 level and stop loss is 2352 level.It can rally directly towards 2435 level also.

 QUICK FUNDAMENTAL LOOK                                                                     

Gold futures rise 0.4% to $2,369 a troy ounce, as the market turns its attention to crucial U.S. CPI data due later. 

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

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