XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW 5 minute chart showing calculations it is running in positive trend and its immediate support area 2296 to 2302 level .GOLD made double zigzag correction at level of 2309 in 5 minute chart so it can jump sharply over 2309 level .15 minute chart calculations showing it can rise towards 2346 level .Overall major support 2260 to 2327 level and overall trend stop loss is 2250 level .
QUICK FUNDAMENTAL LOOK
Gold prices were set for a second consecutive weekly fall, even as bullion traded almost flat on Friday as investors refrained from taking big positions ahead of U.S. non-farm payrolls data that could offer more cues on the Federal Reserve's policy path.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.