- XAU/USD is currently trading around $1243 mark.
- It made intraday high at $1249 and low at $1242 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $1260 marks.
- Alternatively, current rebound from $1260 will take the parity down towards key support levels at $1248/$1232/$1222 marks respectively.
- A daily close above $1252 will turn the bias bullish and take the parity towards key resistances around $1262, $1268 and $1272 levels.
- Later today, US will release new home sales data and Crude oil inventories. This will provide further direction to the parity.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major Pair levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/AUD moves lower on weak UK data
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/ZAR edges higher but bearish outlook persists
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major) 



