- XAU/USD is currently trading around $1252.
- It made intraday high at $1255 and low at $1250 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $1258 marks.
- Alternatively, current rebound from $1270 will take the parity down towards key support levels at $1248/$1232/$1222 marks respectively.
- According to the weekly chart, 20D EMA crosses over 30D and 55D EMA and confirms bullish trend. In such scenario, pair likely to touch new resistances around $1307/$1329 and $1383 levels respectively.
- Later today, US will release existing home sales data. This will provide further direction to the parity.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro : USD/JPY holds near 160 as yen remains under pressure
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro:' USD/CAD faces downside risk below 1.4000
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish 



