- XAU/USD is currently trading around $1210 marks.
- It made intraday high at $1211 and low at $1206 marks.
- Intraday bias remains bearish 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 $1202 will take the parity back below $1200 marks.
- Key support levels are seen at $1208, $1202, $1198 and $1190 marks respectively.
- Important to note here that, 20D, 30D and 55D EMA heads down in a daily chart 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 short position in XAU/USD around $1211, stop loss $1218 and target $1195 marks.


FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major European Indices
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 



