XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and stop loss is 2364 level . It can rise towards 2483 level .Intraday purpose buying is better with stop loss 2364 level expecting intraday targets 2400, 2403 and 2407 levels respectively . Strong support area is 2386 to2400 level . Overall 2280 stop loss for positional target 2480 level .
QUICK FUNDAMENTAL LOOK
Gold was caught up in Monday's broad liquidation of well-owned positions, where the fundamental case for bullion--a safe hedge against geopolitical tensions and economic slowdowns--was cast aside in favor of selling everything and buying bonds, says Chris Weston, head of research at broker Pepperstone.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.