• Gold is in wait-and-see mode on Tuesday, trading 0.01% lower at $1,090.60 per troy ounce.
  
  
• Investors remain worried over the global growth outlook, as Chinese Q4 GDP data came below market expectations
  
  
•  WTI crude oil is trading above 29 handle after dipping to as low as 28.36 yesterday.
  
  
• Last week, the metal hit a two-month high of about $1,112 as a storm in Chinese stocks fuelled appetite for safe-havens, but prices have dropped somewhat since as expectations of further interest rate hikes from the Federal Reserve (Fed) lowered the demand for the non-interest-paying asset.
  
  
• In the absence of any major data from US calendar, one can take advantage of range bound movement in yellow metal.
  
  
• Todays expected range will be $1085 to $1092 levels.
  
  
• We prefer to go long on XAUUSD, Entry at $1085-1088, stop loss $1078 and Target $1092 levels.