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 simple abc correction so now 1911 to 1918 support and it can rally towards 1946 level in very short term.Intraday purpose we can take stop loss 1900 for 1930, 1933 and 1936 targets respectively.It can also sharply rally towards 2000 levels because it is in extended wave 5 of major c wave from top level 2082 .
QUICK FUNDAMENTAL LOOK
The gold price added to last Friday’s gain to start the week with risk aversion creeping into markets on Monday ahead of several central bank meetings this week.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.