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- Pair is currently trading at $1208 marks.
- It made intraday high at $1209 and low at $1195 marks.
- Yesterday pair was enjoying roller coaster movement from $1190 to $1216 marks.
- Today US will publish monetary policy meeting minutes which will provide further directions to the parity.
- Key resistance levels falls at $1208, $1212 and $1218 marks.
- Support levels are falls at $1202, $1190 and $1187 thereafter.
We maintain our bullish bias. Take long position on XAU/USD around $1205, stop loss $1190 and target $1218/1227 levels.
