• Pair is currently supported above $1200 mark.  
  
  
• It made intraday high at $1190 in Asian hours while intraday high at $1216 marks. 
  
  
• On the other side, Goldman Sachs predicted a fall to $1,100 an ounce in the next three months and a price of $1,000 in 12 months.
  
  
• Later in the day the US markets will open after an extended weekend.
  
  
• FOMC will publish meeting minutes on Wednesday, which will provide more insight into the possible direction of the Federal Reserve's monetary policy in the future.
  
  
• We prefer to stay long on XAU/USD till the time pair holds key support at $1190 mark.
  
  
• Major support levels are seen at $1208, $1202 and $1190.
  
  
• On the top side resistance levels are seen at $1217, $1222 and $1227 marks.