XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in negative trend and stop loss is 2529 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 2529 level expecting intraday targets 2489, 2487 and 2482 levels respectively . Strong resistance area is 2507 to 2515 level .
QUICK FUNDAMENTAL LOOK
Gold steadied near $2,500 per ounce on Monday as markets deliberated on the Federal Reserve’s scale of interest rate cut this month following a mixed US jobs report.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.