XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD completed or near to completion wave 4 and its last wave 5 should go below 1802 level without touch 1882 level.Selling is better with stop loss 1882 for intraday targets 1857.1854 and 1850 targets respectively.Overall downside target is 1802 below.Strong resistance area is 1846 to 1865 level.
QUICK FUNDAMENTAL LOOK
Gold prices held near a more than one-week high on Wednesday, as the dollar edged lower after several U.S. Federal Reserve officials suggested that the recent surge in Treasury yields might make further rate hikes less necessary.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.