Market Analysis of XAUUSD on Tuesday 11 JUNE 2024

2024-06-11 18:29Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

15 minute chart showing calculations it is running in positive trend and its immediate strong support  area 2260 to 2326 level .Last wave already extended and it has maximum limit generally 2234 level .It can now sharply rise towards 2374 level in short term .Stop loss for buying is 2340 level and intraday targets are 2310 ,2314 and 2320 levels respectively .

QUICK FUNDAMENTAL LOOK                                                                    

Gold prices edged lower on Tuesday reflecting an uptick in the U.S. dollar as investors positioned ahead of a crucial U.S. inflation report and the Federal Reserve's interest rate forecasts.

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

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