Market Analysis of XAUUSD on Wednesday 24 JULY 2024

2024-07-24 12:28Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in negative trend and stop loss is 2434 level . It can fall towards 2378 level   .Intraday purpose selling is better with stop loss 2434 level expecting intraday targets 2412 , 2409 and 2405 levels respectively .Resistance area is 2412 to 2424 level .


QUICK FUNDAMENTAL LOOK

                                                                   

Gold prices struggled for momentum on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve's rate-cut timeline.


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

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