Market Analysis of Instrument name on Wednesday 18 SEPTEMBER 2024

2024-09-18 19:05Fonte:BtcDana

XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW    


 XAUUSD running in positive trend and its immediate strong support are 2550 to 2565 level .  Stop loss is 2537 level and it can rise above 2590 level minimum   because of double zigzag correction made from 2590 level .Intraday purpose buying is better for targets 2573,2576 and 2580 levels respectively with stop loss 2537 level.


QUICK FUNDAMENTAL LOOK                                                                    

Gold prices are broadly stable, holding on to recent gains ahead of the Fed's long-awaited monetary-policy decision later on Wednesday, with a potential 50-basis-point rate cut expected to further boost non-yielding assets.


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

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