XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in negative trend and stop loss is 2510 level . It can falll towards 2490 level in short term .Intraday purpose selling is better with stop loss 2510 level expecting intraday targets 2498, 2497 and 2495 levels respectively . Strong resistance area is 2499 to 2505 level .
QUICK FUNDAMENTAL LOOK
A September Fed cut is required for gold prices to stay in bullish territory, Phillip Nova analyst Priyanka Sachdeva says in a research note.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.