Market Analysis of XAUUSD on Monday 22 JULY 2024

2024-07-22 11:45Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

 

15 minute chart showing calculations it is running in negative trend and stop loss is 2435 level . It can fall towards 2395 level sharply and non stop because wave 3 is going on .Intraday purpose selling is better with stop loss 2435 level expecting intraday targets 2406 , 2403 and 2400 levels respectively .


QUICK FUNDAMENTAL LOOK

                                                                   

Gold prices edged higher on Monday, aided by a softer dollar and expectations of a U.S. interest rate cut, while spotlight shifted to economic data for more clues on the Federal Reserve's monetary policy path.


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

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