XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAGUSD running in negative trend on 1 minute chart and its immediate strong resistance are 2657.60 to 2660 level . Stop loss is 2671 level and it can fall below 2652 level minimum because of double zigzag correction .Intraday purpose selling is better for targets 2655,2653 and 2651 levels respectively with stop loss 2671 level.
QUICK FUNDAMENTAL LOOK
Gold advanced above $2,660 per ounce on Wednesday, setting up another record-high, as expectations of further monetary easing and heightened geopolitical tensions increased the appeal of the precious metal.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .