Market Analysis of XAGUSD on Friday 4 OCTOBER 2024

2024-10-04 16:46Fonte:BtcDana

XAGUSD TECHNICAL ANALYSIS SHORT TERM VIEW    


 XAGUSD running in positive trend and its immediate strong support are 30.50 to 31.18 level .  Stop loss is 30.50 level and it can rise above 32.70 level  .Intraday purpose buying is better for targets 32.35,32.50 and 32.70 levels respectively with stop loss 30.50 level.


QUICK FUNDAMENTAL LOOK                                                                    


Gold prices traded flat on Friday but were slightly down for the week, as market focus shifted to a crucial U.S. payrolls report for clearer insight into the Federal Reserve's anticipated interest rate reduction next month.

 

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

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