XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD short term pattern irregular correction abc is near to complete or already completed and it is ready to rise above 2010 levels as shown in graph .Inner calculations also changed the trend into positive trend and intraday support 1979 to 1985 and without touch 1969.50 it can hit target 2010.Short term support area 1926 to 1953 levels and positional stop loss is 1920 for first target 2010 then 2100 levels.Overall trend is positive so only buying is better .
QUICK FUNDAMENTAL LOOK
Gold prices edged up on Thursday, buoyed by a weaker U.S. dollar and Treasury yields after the Federal Reserve held interest rates steady and as investors stepped up bets that the central bank may be done with rate hikes.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.