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A big day for Gold ahead of US monetary policy meeting minutes

  • Pair is currently trading at $1208 marks.
     
  • It made intraday high at $1209 and low at $1195 marks.
     
  • Yesterday pair was enjoying roller coaster movement from $1190 to $1216 marks.
     
  • Today US will publish monetary policy meeting minutes which will provide further directions to the parity.
     
  • Key resistance levels falls at $1208, $1212 and $1218 marks.
     
  • Support levels are falls at $1202, $1190 and $1187 thereafter.

We maintain our bullish bias. Take long position on XAU/USD around $1205, stop loss $1190 and target $1218/1227 levels.

 

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