XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW It is running in positive trend and at level of 1987 irregular correction is made so it can jump sharply above that level.Intraday support is 1953 to 1965 level and 1943.50 is stop loss for this calculation.It can jump for 1987 levels sharply without touch 1943.50 .Overall it can jump for 2100 levels with stop loss 1931.
QUICK FUNDAMENTAL LOOK
Gold steadied around $1,960 an ounce on Monday as investors braced for interest rate decisions from major central banks this week.
The US Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, while traders will listen closely to Fed Chair Jerome Powell’s comments after the meeting for clues on the central bank’s next steps.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.