Market Analysis of XAUUSD on Tuesday 9 JULY 2024

2024-07-09 11:22Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and its immediate strong support  area 2337 to 2354 level  .Stop loss for buying is 2343 level and It can rise upside for 2450 level in form of wave 5 .Wave 3 is going on which can take gold towards 2450 level non stop and sharp .


QUICK FUNDAMENTAL LOOK

                                                                   

Metal prices rise, with gold futures gaining 0.1% to $2,372.7 a troy ounce. The precious metal is on course for its second weekly gain in a row after Wednesday's U.S. data pointed to a slowdown in the economy, raising hopes of a Federal Reserve interest-rate cut sooner rather than later.


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

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