XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has strong support from 1860 to 1918 levels and it can rise towards 2100 levels without touch 1850 level .Overall trend is positive and immediate support 1923 to 1928 levels and stop loss is 1919 and it can fly above 1956 levels .Wave 3 is going on and it can sharply jump for 1988 level also.Intraday purpose we can buy it for 1932,1934 and 1937 levels respectively.
QUICK FUNDAMENTAL LOOK
Gold was subdued around $1,930 an ounce on Wednesday as investors avoided making big bets ahead of the US Federal Reserve’s monetary policy decision, with higher energy prices raising concerns about inflationary risks.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.