- XAU/USD is currently trading around $1215 marks.
- It made intraday high at $1215 and low at $1211 marks.
- Intraday bias remains neutral till the time pair holds key resistance at $1220 marks.
- A daily close above $1218 will drag the parity higher towards key resistances around $1222, $1227 and $1232 marks respectively.
- Alternatively, a sustained break below $1212 will take the parity back below $1200 marks.
- Key support levels are seen at $1212, $1208, $1202, $1198 and $1190 marks respectively.
- Important to note here that, 20D, 30D and 55D EMA heads down and a daily close below $1202 will confirm the bearish trend too. Current upside movement is short term trend correction only.
We prefer to take long position in XAU/USD around $1214, stop loss $1210 and target $1222/ $1232 marks.


CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro- Major Crypto levels and bias summary 



