Market Analysis of XAUUSD on Wednesday 23 May 2024

2024-05-23 00:59Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW                                                             15 minute chart showing calculations it is running in negative trend and its immediate resistance area 2394 to 2422 level .It made reversal downside and it can fall towards 2330 level .Stop loss for selling is 2435 level and intraday targets are 2286 ,2282 and 2278 levels respectively .

 QUICK FUNDAMENTAL LOOK                                                                     

Gold prices fell over 1% on Wednesday as the gold rally cooled with investors booking profits, while focus shifted to minutes from the Federal Reserve's recent policy meeting for more clarity on the central bank's rate trajectory.

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

Mais