- XAU/USD is currently trading around $1242 marks.
- It made intraday high at $1246 and low at $1241 marks.
- Intraday bias remains neutral till the time pair holds key support at $1242 marks.
- A sustained break below $1242 will take the parity back below $1225 marks.
- Alternatively, a daily close above $1248 will drag the parity higher towards key resistances around $1252, $1268 and $1272 marks respectively.
- Key support levels are seen at $1238, $1222, $1218 and $1211 marks respectively.
- Important to note here that, 20D, 30D and 55D EMA heads down in a daily chart and a daily close below $1238 will confirm the bearish trend too.
We prefer to take short position in XAU/USD only below $1238, stop loss $1248 and target $1225 marks.


FxWirePro- Major Pair levels and bias summary
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD range bound ahead of RBA policy decision
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro:' USD/CAD faces downside risk below 1.4000
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
FxWirePro: AUD/USD eases as investors switch focus to RBA 



