XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has strong resistance 1906 to 1914 levels as red box marked in graph . Wave 3 or wave c is going on and 1921 is reversal point and it can decline further towards 1855 level until this resistance holds.Intraday purpose selling can be done with stop loss 1921 expecting downside towards 1880.It can fall sharply towards 1855 level without touch 1921 level.
QUICK FUNDAMENTAL LOOK
Gold prices dropped on Wednesday to their lowest levels in more than a month, weighed down by an assurgent U.S. dollar as markets made adjustments to a higher-for-longer interest rate scenario.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.