- XAU/USD is currently trading around $1278 mark.
- It made intraday high at $1280 and low at $1274 levels.
- Intraday bias remains bullish till the time pair holds immediate support at $1268 marks.
- A daily close above $1282 will take the parity up towards $1292, $1296, $1303, $1315 and $1327 marks respectively.
- Alternatively, reversal from $1303 will drag the parity down towards key support levels at $1275, $1272, $1268 and $1252 marks respectively.
- The ADP job data released on Wednesday with lower than expected numbers to 156,000 m/m vs 194,000 jobs m/m previous release.
- Today U.S will release NFP job results. Markets expect non-farm payroll to show 203k growth in jobs in April. Unemployment rate is expected to be unchanged at 5.00% while average hourly earnings are expected to show 0.3% mom growth.
We prefer to take long position in XAU/USD only above $1282, stop loss $1268 and target $1303/ $1310 marks.


FxWirePro:USD/JPY holds firm near 160 as intervention fears stay muted
FxWirePro: AUD/USD eases as middle east peace progress ebbs
FxWirePro:GBP/USD recovers some ground but bears are not done yet
Sterling Surge: GBPJPY Powers Above 214.50 as Triple Bullish EMA Stack Signals Push to 217
EUR/USD Relief Rally Crashes Into 200/365 EMA Wall: Sell-on-Rise Near 1.1600 Targets 1.1435
FxWirePro- Woodies pivot (Major)
USD/CHF Retreats to Key Trend-Line Wall; Buy-Above-0.8000 Strategy Targets Sharp Rally to 0.8150
Sterling Surge: GBP/JPY Smashes Above 214 With Triple EMA Blessing; Bulls Eye 217
FxWirePro: EUR/ NZD sustains gains as uptrend remains strong
FxWirePro: USD/CNY holds flat amid concerns over Middle East risks and upcoming U.S. CPI
Gold Stalls Below $4150 as Hot CPI Fuels Dollar Strength and Safe-Haven Bid Fades
FxWirePro: GBP/AUD maintains bullish bias with focus on 1.9100
FxWirePro: GBP/NZD steadies around 2.3060 , retains bid tone
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6550
FxWirePro: USD/ZAR steadies as investors asses Middle East conflict and US CPI figures
FxWirePro: GBP/AUD gaining momentum for a move towards 1.9150 level 



