- XAU/USD is currently trading around $1237 mark.
- It made intraday high at $1240 and low at $1235 levels.
- Federal Reserve Board Chair Janet Yellen said Thursday the central bank remains on track to gradually raise interest rates if the economy continues to evolve as expected.
- Yellen added, though, "Monetary policy is not on any preset course" and she reiterated the central bankers approach that any decision to raise rates will be data dependent only.
- Intraday bias remains bullish till the time pair holds key support at $1222 marks.
- A daily close above $1242 is required to turn the bias bullish again.
- On the top side, key resistances are seen around $1247, $1252 and $1267 levels.
- Alternatively, a sustained break below $1222 will drag the parity down towards key support levels at $1214, $1208, $1202 and $1190 marks.
We prefer to take long position in XAU/USD at $1234, stop loss $1222 and target $1232/$1252 marks.


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary 



