XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD running in positive trend and its immediate strong support are 2600 to 2626 level . Stop loss is 2590 level and it can rise above 2700 level in form of wave 5 .Intraday purpose buying is better for targets 2666,2669 and 2675 levels respectively with stop loss 2590 level. Irregular correction made at level of 2685 so it can sharply jump over 2685 level .Final stop loss is 2578 level .
QUICK FUNDAMENTAL LOOK
Gold remained near $2,660 per ounce on Friday, trading at record levels, benefiting from its safe-haven status magnified by heightened geopolitical risks.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .