XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has made double zigzag correction at level of 1892.50 so it has to fall below 1892.50.Stop loss is 1987.50 and straight target is 1892.50 .Strong resistance area is 1932 to 1942 levels. .Trend is negative presently selling with stop loss 1952 for downside direction targets1920,1915 respectively.1 minute chart showing calculation for upside 1927 .58 level so try to sell by place limit order with stop loss 1952 for downside targets.
QUICK FUNDAMENTAL LOOK
Gold firms on softer dollar as US inflation test looms.Gold firmed on Thursday buoyed by a softer dollar but was hemmed into a relatively tight range as traders positioned for U.S. inflation readings that could steer the Federal Reserve's monetary policy.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.