- 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/NZD down trend loses steam, remains on bearish path
FxWirePro- Major European Indices
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/AUD under pressure as key support gives way
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 



