XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD running in positive trend and its immediate strong support are 2600 to 2626 level . Stop loss is 2590 level and it can rise above 2700 level in form of wave 5 .Intraday purpose buying is better for targets 2659,2662 and 2666 levels respectively with stop loss 2590 level. Irregular correction made at level of 2685 so it can sharply jump over 2685 level .
QUICK FUNDAMENTAL LOOK
Gold held around $2,655 per ounce on Monday after gaining 1% in the previous session, as markets continued to assess the Federal Reserve’s interest rate outlook following recent inflation reports.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .