XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has strong resistance 1931 to 1960 levels and it can fall TOWARDS 1917 levels without touch 1962 level is first probability .Presently it has made complex correction from 1949 level so it is ready to break 1949 level without touch 1885 level red line shown in graph is overall outlook.second probability is without touch 1917 it can jump for 1949 level .Third probability is, it can fall below 1917 level and then rise for 1949 level.Best advise is we can buy it presently for 1949 target with overall stop loss 1885 and if it comes down to 1917 level we can add more quantity for 1949 target with stop loss 1885.
QUICK FUNDAMENTAL LOOK
Gold muted as investors focus on US jobs data for Fed's rate course.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.