Market Analysis of XAUUSD on Tuesday 4 JUNE 2024

2024-06-04 18:31Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW                                                                                                                          15 minute chart showing calculations it is running in negative trend and its immediate strong resistance  area 2351 to 2367 level . It can fall towards 2392 level .Stop loss for selling is 2370 level and intraday targets are 2327 ,2324 and 2320 levels respectively .

QUICK FUNDAMENTAL LOOK                                                                    

Gold futures slip 0.2% to $2,363.2 a troy ounce, trading within a tight range over the past week. Non-interest yielding bullion found some support from stronger expectations of the Federal Reserve cutting interest rates later this year.

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

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