Market Analysis of XAUUSD on Thursday 25 JULY 2024

2024-07-25 11:51Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in negative trend and stop loss is 2415 level . It can fall towards 2300 level   .Intraday purpose selling is better with stop loss 2415 level expecting intraday targets 2368 , 2365 and 2360 levels respectively .Resistance area is 2395 to 2410 level .


QUICK FUNDAMENTAL LOOK

                                                                   

Gold dropped to around $2,370 per ounce on Thursday, hitting its lowest level in two weeks as investors turned cautious ahead of key US economic data releases that could offer insights into the Federal Reserve's potential rate-cut timing.


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

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