XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and stop loss is 28.60 level . It can rise towards 30 dollar level in short term .Intraday purpose buying is better with stop loss 28.60 level expecting intraday targets 29.50, 29.60 and 29.75 levels respectively . Strong support area is 28.90 to29.30 level . 5 min chart made ABC pattern and immediate trend changed and now silver looking to rally towards 30 dollars level .
QUICK FUNDAMENTAL LOOK
Silver declined by over 2% to below $29 per ounce on Thursday, retreating from an over two-month high touched on August 21.
It tracked the fall in other bullions; amid a rise in dollar and rebound in 10-year Treasury yields.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.