XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD has strong resistance 1890 to 1901 levels as red box marked in graph . Wave 3 or wave c is going on and 1910 is reversal point and it can decline further towards 1855 level until this resistance holds.Intraday purpose selling can be done with stop loss 1911 expecting downside towards 1865.It can fall sharply towards 1855 level without touch 1911 level.
QUICK FUNDAMENTAL LOOK
Gold prices were subdued on Thursday, having slid to their lowest in about six months in the last session, as an elevated U.S. dollar and Treasury yields continued to exert pressure on the non-yielding metal.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.