XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD running in positive trend and its immediate strong support are 2600 to 2626 level . Stop loss is 2578 level and it can rise above 2700 level in form of wave 5 .Intraday purpose buying is better for targets 2650,2654 and 2660 levels respectively with stop loss 2578 level. Irregular correction made at level of 2685 so it can sharply jump over 2685 level .
QUICK FUNDAMENTAL LOOK
Gold eased below $2,650 per ounce on Monday, extending its pullback from record highs following indications of a strong US labor market, which reduced the case for the Fed to continue with aggressive rate cuts.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .