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- Pair is currently trading at $1126 levels.
- It made intraday high at $1130 and low at $1124 levels.
- If pair hold and made daily close above $1127 levels then next likely level is $1152.
- Alternatively, reversal from this level may bring the parity down around $1117 levels.
- Initial resistance levels are seen at $1127, $1132 and $1152 thereafter.
- Major support levels are falls around $1122, $1117 and $1112 thereafter.
We prefer to take long position on XAU/USD around $1123 levels, stop loss $1115 levels and target $1152 levels.
