Market Analysis of XAGUSD on Monday 27 May 2024

2024-05-27 19:52Fonte:BtcDana

XAGUSD TECHNICAL ANALYSIS SHORT TERM VIEW     

  XAGUSD  is running in positive  trend and its major  strong support are 30 to 31 level  .NSDQ completed double zigzag correction and now it should rise for 32.50 minimum target upside positionally with stop loss 29.25 level .Intraday purpose buying is better with stop loss 29.25 level expecting intraday target 31,31.15 and 31.40 level respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

Gold prices ticked up on Monday, as investors assessed diminishing bets of U.S. interest rate cuts ahead of a key inflation report due later in the week.

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

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