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- Pair remains well supported above $1250.
- It made intraday high at $1272 and low at $1263 levels.
- Intraday bias remains bullish till the time pair holds immediate support level at $1256 levels.
- On the top side, key resistance level is seen at $1278.
- A break above will take the parity towards $1286/ $1292 and $1304 marks thereafter.
- In the absent of key economic indicator from US, XAU/USD remains range bound.
We prefer to take long position in XAU/USD around $1262, stop loss $1256 and target $1278/ $1286 levels thereafter.
