- XAU/USD is currently trading around $1281 marks.
- It made intraday high at $1284 and low at $1272 marks.
- Intraday bias remains bullish till the time pair holds key support at $1264 marks.
- A sustained break below $1262 will take the parity back below $1248 marks.
- Alternatively, a daily close above $12785 is required to drag the parity higher towards key resistances around $1295, $1303 and $1316 marks respectively.
- Key support levels are seen at $1264, $1262, $1255, $1248 and $1232 marks respectively.
- Markets are getting more cautious ahead of the FOMC meeting on this Wednesday where new economic projections will be released.
We prefer to take long position in XAU/USD only above $1,282 with stop loss at 1,264 and target of $1,303/ $1,310/$1,316 marks respectively.


FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/CAD recovers slightly but trend is still bearish
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro- Major European Indices
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD dips on soft China data 



