- XAU/USD is currently trading around $1243 mark.
- It made intraday high at $1246 and low at $1242 levels.
- Intraday bias remains bullish till the time pair holds immediate support at $1231 marks.
- A sustained close above $1242 will take the parity up towards $1252 marks again.
- On the top side, key resistances are seen around $1242, $1247, $1252 and $1262 levels.
- Alternatively, a sustained break below $1242 will drag the parity down towards key support levels at $1237, $1232 and $1227 marks respectively.
- Later today, U.S. will announce interest rate decision as well as FOMC statement. This will provide further direction to the parity.
We prefer to take long position in XAU/USD around $1242, stop loss $1231 and target $1257/$1270 marks.


FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data 



