XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and stop loss is 2470 level . It can rise towards 2532 level in short term .Intraday purpose buying is better with stop loss 2470 level expecting intraday targets 2515, 2518 and 2522 levels respectively . Strong support area is 2474 to2496 level . 5 min chart made ABC pattern and immediate trend changed and now gold looking to rally towards 2532 level .
QUICK FUNDAMENTAL LOOK
Gold eased below $2,510 per ounce on Tuesday, despite firmer expectations of US rate cuts this year and rising geopolitical risks.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .