Market Analysis of XAUUSD on Monday 9 SEPTEMBER 2024

2024-09-09 17:57Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in negative trend and stop loss is 2529 level . It can fall towards 2385 level in short term in form of wave c of irregular correction  .Intraday purpose selling is better with stop loss 2529 level expecting intraday targets 2489, 2487 and 2482 levels respectively . Strong resistance area is 2507 to 2515 level .


QUICK FUNDAMENTAL LOOK

                                                                   

Gold steadied near $2,500 per ounce on Monday as markets deliberated on the Federal Reserve’s scale of interest rate cut this month following a mixed US jobs report.


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

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