XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and its immediate strong support area 2375 to 2393 level .Stop loss for buying is 2370 level and It can rise upside for 2450 level in form of wave 5 .Wave 3 is going on which can take gold towards 2450 level non stop and sharp .Intraday purpose buying is better at price 2427 level for intraday targets 2430,2433 and 2436 respectively with stop loss 2370 level .
QUICK FUNDAMENTAL LOOK
Gold prices nudged higher on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.