Market Analysis of XAUUSD on Monday 29 JULY 2024

2024-07-29 11:59Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in negative trend and stop loss is 2419 level . It can fall towards 2353 level   .Intraday purpose selling is better with stop loss 2419 level expecting intraday targets 2390 , 2387 and 2384 levels respectively .Resistance area is 2389 to 2405 level .


QUICK FUNDAMENTAL LOOK

                                                                   

Gold rose above $2,390 per ounce on Monday, extending gains from the previous session, driven by hopes for rate cuts from the Federal Reserve.


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

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