XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has strong resistance 1909 to 1924 levels and it can fall below 1884 levels without touch 1936.40 level .Presently it is running in resistance area so it can be sold with stop loss 1937 expecting intraday targets towards 1914,1912 and 1910 level respectively.Last wave 5 pattern is going on and wave 4 completed or near to completion and last last wave 5 should complete below 1884 level.1 minute chart showing abc pattern at 1904 level .
QUICK FUNDAMENTAL LOOK
Gold prices firmed on Monday despite U.S. Federal Reserve Chair Jerome Powell's hawkish stance on interest rates as markets sought direction from economic data this week for confirmation on the rate trajectory.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.