Thursday, October 15, 2026

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FxWirePro: Gold fails to break major resistance at $1278, intraday bias remains slightly bearish

Pair is currently trading around $1253 levels. It made intraday high at $1264 and low at $1251 levels. Intraday bias remains bearish for the moment. A daily close below $1237 will drag the parity around $1218 and $1208 m…

By Earlence Fernandes
1 min read
FxWirePro: Gold fails to break major resistance at $1278, intraday bias remains slightly bearish
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  • Pair is currently trading around $1253 levels.
     
  • It made intraday high at $1264 and low at $1251 levels. 
     
  • Intraday bias remains bearish for the moment. 
     
  • A daily close below $1237 will drag the parity around $1218 and $1208 marks thereafter. 
     
  • Alternatively, reversal will take the parity back above $1278/ $1292 levels.

We prefer to take long position in XAU/USD around $1250, stop loss $1237 and targets $1262/$1278 levels.

 

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By FxWirePro Team