XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and its immediate strong support area 2260 to 2326 level .Last wave already extended and it has maximum limit generally 2234 level .It can now sharply rise towards 2374 level in short term .Stop loss for buying is 2340 level and intraday targets are 2316 ,2320 and 2325 levels respectively .Very short term resistance 2310 to 2325 and trend negative in very short term.
QUICK FUNDAMENTAL LOOK
Gold prices traded in a narrow range on Wednesday as investors awaited the U.S. consumer inflation print due later in the day and the Federal Reserve's commentary on its interest rate policy.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.