XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in negative trend and stop loss is 2500 level . It can fall towards 2385 level in short term in form of wave c of irregular correction .Intraday purpose selling is better with stop loss 2500 level expecting intraday targets 2473, 2471 and 2468 levels respectively . Strong resistance area is 2485 to 2493 level .
QUICK FUNDAMENTAL LOOK
Gold prices held steady on Wednesday as investors braced for a monthly U.S. payrolls report that could influence how swiftly and deeply the Federal Reserve cuts interest rates this year.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.