XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD running in positive trend and its immediate strong support are 2553 to 2627 level . Stop loss is 2550 level and it can rise above 2685 level in form of wave 5 .Intraday purpose buying is better for targets 2640,2643 and 2650 levels respectively with stop loss 2550 level. Irregular correction made at level of 2685 so it can sharply jump over 2685 level .
QUICK FUNDAMENTAL LOOK
Gold rose toward $2,640 per ounce on Tuesday after sliding for two consecutive sessions, as rising geopolitical risks in the Middle East continued to boost demand for safe-haven assets.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .