XAU/USD intraday outlook

• Pair is currently trading at $1228 levels.
   
• It made intraday high at $1232 levels and low at $1224 marks.
   
• Pair is trading range bound from $1190 to $1240 mark.
   
• Intraday bias remains bullish above till the time pair holds key support level at $1200 levels.
   
• Alternatively, a daily close below $1195 mark will turn the bias bearish again.
   
• Major support levels are seen at $1222, $1218 and $1207 thereafter.
   
• Key resistance levels are seen at $1242, $1252 and $1268 levels.

We prefer to take long position in XAU/USD around $1227, Stop loss $1218 and target $1252 levels.