FxWirePro: Gold range bound in Asian hours, remains well supported above $1230

• XAU/USD is currently trading around $1233 mark.
   
• It made intraday high at $1234 and low at $1229 levels.
   
• Intraday bias remains bullish till the time pair holds immediate support at $1227 marks.
   
• A daily close above $1242 will take the parity up towards $1250 marks again.
   
• On the top side, key resistances are seen around $1237, $1242, $1257 and $1262 levels.
   
• Alternatively, a sustained break below $1227 will drag the parity down towards key support levels at $1227, $1222 and $1212 marks respectively.

We prefer to take long position in XAU/USD around $1232, stop loss $1225 and target $1242/ $1257 marks.