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XAU/USD intraday outlook

Pair is supported above $1110 mark and trading at $1115 levels. It made intraday high at $1118 and low at $1108 levels. Intraday bias remains bullish. On the top side major resistance levels are seen at $1117, $1122 and …

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XAU/USD intraday outlook
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  • Pair is supported above $1110 mark and trading at $1115 levels.
     
  • It made intraday high at $1118 and low at $1108 levels.
     
  • Intraday bias remains bullish.
     
  • On the top side major resistance levels are seen at $1117, $1122 and $1127 levels.
     
  • Initial support levels are seen at $1112, $1108 and $1102 thereafter.

We prefer to stay long on XAU/USD around $1112, stop loss $1102 and target $1127 levels. 

 

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