XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
15 minute chart showing calculations it is running in positive trend and stop loss is 2545 level . It can rise towards 2605 level in short term in form of wave 5 of inner wave 3 .Intraday purpose buying is better with stop loss 2545 level expecting intraday targets 2582, 2585 and 2588 levels respectively . Strong support area is 2555 to 2569 level .
QUICK FUNDAMENTAL LOOK
Gold prices hold steady near record highs, supported by a softer U.S. dollar and rising bets for a half-point rate cut by the Federal Reserve.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .