- Pair is currently trading at $1226 levels.
- It made intraday high at $1232 and low at $1224 levels.
- Pair likely to consolidate below $1248 marks and intraday bias remains slightly bearish for the moment.
- A daily close above $1248 will drag the parity towards key resistance at $1263/$1292 thereafter.
- Current week will be important for the Gold as US will publish ADP job data later today and NFP job data on Friday.
- Key support level falls at $1200/$1190 levels.
We prefer to take long position in XAU/USD around $1216, stop loss $1200 and take profit $1232/$1248 levels.


FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: GBP/AUD takes back some lost ground
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum 



