XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW 5 minute chart showing calculations it is running in positive trend and its immediate support area 2312 to 2316.58 level .It made double zigzag correction at level of 2332 so it can jump over 2332 level in very short term .Overall major support 2260 to 2327 level and overall trend stop loss is 2260 level .Intraday purpose buying is good for intraday targets 2020,2024 and 2030 respectively with stop loss 2260 level .
QUICK FUNDAMENTAL LOOK
Gold prices have traded in a narrow band since Monday, with losses tempered by increased tensions in the Middle East and market speculation around potential U.S. interest-rate cuts.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.