XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and stop loss is 2464 level . It can rise towards 2478 level .Intraday purpose buying is better with stop loss 2364 level expecting intraday targets 2415, 2418 and2422 levels respectively . Strong support area is 2386 to2400 level . Double zigzag last abc pattern is going on which can take gold towards 2480 level .
QUICK FUNDAMENTAL LOOK
Gold futures rise 0.4% to $2,454.4 a troy ounce, recovering ground from Monday's broader market sell-off, when it sank as low as $2,403.8 an ounce.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.