XAUUSD TECHNICAL ANALYSIS SHORT TERM VIEW
XAUUSD have immediate resistance 2898 to 2907 level and it can hit firstly 2882 level because of irregular correction formed at that level .Overall gold can fall below 2858 level in major support in form of wave 4 . Intraday purpose selling is better with stop loss 2914 expecting targets 2889,2886 and 2882 levels respectively .
QUICK FUNDAMENTAL LOOK
Gold prices retreated on Wednesday from an all-time high hit in the previous session, as Federal Reserve Chair Jerome Powell's hawkish comments cemented views of slower rate cuts this year, while investors awaited a key U.S. inflation report.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .