- XAU/USD is currently trading around $1237 mark.
- It made intraday high at $1240 and low at $1235 levels.
- Federal Reserve Board Chair Janet Yellen said Thursday the central bank remains on track to gradually raise interest rates if the economy continues to evolve as expected.
- Yellen added, though, "Monetary policy is not on any preset course" and she reiterated the central bankers approach that any decision to raise rates will be data dependent only.
- Intraday bias remains bullish till the time pair holds key support at $1222 marks.
- A daily close above $1242 is required to turn the bias bullish again.
- On the top side, key resistances are seen around $1247, $1252 and $1267 levels.
- Alternatively, a sustained break below $1222 will drag the parity down towards key support levels at $1214, $1208, $1202 and $1190 marks.
We prefer to take long position in XAU/USD at $1234, stop loss $1222 and target $1232/$1252 marks.


FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 



