- 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- Major Pair levels and bias summary
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro- Major European Indices
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: GBP/USD stuck in range but maintains bearish bias 



