XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has made double zigzag correction at level of 1892.50 so it has to fall below 1892.50.Stop loss is 1987.50 and straight target is 1892.50 .Strong resistance area is 1955 to 1987.50 levels.Gold can also fall towards 1803 levels .Trend is negative presently so selling is better with stop loss 1987.50 for downside direction targets.
QUICK FUNDAMENTAL LOOK
Gold set for worst week in six as US yields surge ahead of jobs data.Gold prices on Friday were poised to post their worst week in six as investors braced for a closely watched U.S. jobs report after a string of solid economic data this week drove Treasury yields to nine-month highs
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.