Gold (XAUUSD) || Update | July 10, 2024

MCX:GOLD1!   Gold Futures

Timeframe: 1-hour

Current Situation: Gold is inching higher in the 1-hour timeframe.

Bullish above: 72600.
Stop-loss: 72400 (Remember, stop-loss is a risk management tool, adjust this level based on your risk tolerance)

News: Investors are cautiously optimistic as they await comments from Fed Chair Powell and key US inflation data (CPI) due on Thursday. Lower interest rates could potentially boost Gold's appeal as a non-yielding asset.

Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.
Target done in GOLD , high 73000


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