- XAU/USD is currently trading around $1215 marks.
- It made intraday high at $1215 and low at $1211 marks.
- Intraday bias remains neutral till the time pair holds key resistance at $1220 marks.
- A daily close above $1218 will drag the parity higher towards key resistances around $1222, $1227 and $1232 marks respectively.
- Alternatively, a sustained break below $1212 will take the parity back below $1200 marks.
- Key support levels are seen at $1212, $1208, $1202, $1198 and $1190 marks respectively.
- Important to note here that, 20D, 30D and 55D EMA heads down and a daily close below $1202 will confirm the bearish trend too. Current upside movement is short term trend correction only.
We prefer to take long position in XAU/USD around $1214, stop loss $1210 and target $1222/ $1232 marks.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/USD bulls remain cautiously optimistic 



