XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has strong support from 1860 to 1918 levels and it can rise towards 2100 levels without touch 1850 level .Overall trend is positive and last wave downside was in extended zone so gold can sharply jump towards 1930 levels and stop loss is 1885 .Wave 3 looking to rally for 2000 levels sharp without touch 1885 levels so buying can be done expecting rally towards 1930 levels and it should rise for 2000 levels with stop loss 1885.
QUICK FUNDAMENTAL LOOK
Gold prices gained on Friday as the dollar eased against the yuan after promising China economic data boosted recovery hopes in the world's top bullion consumer, although the possibility of further U.S. interest rate hikes kept investors on edge.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.