XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has strong resistance 1931 to 1960 levels and it can fall towards 1870 levels without touch 1953 level .Overall trend is negative and as long as it holds resistance it can fall towards 1870 level as well.Inner calculations suggesting for intraday purpose 1931 stop loss and resistance area is 1922 to 1927 and it can fall below 1916.50 level sharply due to irregular correction as shown in graph .
QUICK FUNDAMENTAL LOOK
Gold prices started the week on a firm footing on Monday, supported by a retreat in the dollar, as investors awaited U.S. inflation data due this week that would indicate the Federal Reserve's next interest rate move.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.