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- XAU/USD is currently trading around $1259 marks.
- It made intraday high at $1266 and low at $1259 marks.
- Intraday bias remains bullish till the time pair holds key support at $1248 marks.
- A sustained break below $1252 will take the parity back below $1225 marks.
- Alternatively, a daily close above $1268 is required to drag the parity higher towards key resistances around $1272, $1277 and $1285 marks respectively.
- Key support levels are seen at $1252, $1248, $1232, $1222, $1218 and $1211 marks respectively.
We prefer to take long position in XAU/USD around $1,255, stop loss $1,248 and target $1,272/ $1,282 marks.
