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XAU/USD intraday outlook

Friday, January 29, 2016 5:14 AM UTC

Pair is supported above $1110 mark and trading at $1115 levels.
It made intraday high at $1118 and low at $1108 levels.
Intraday bias remains bullish.
On the top side major resistance levels are seen at $1117, $1122 and $1127 levels.
Initial support levels are seen at $1112, $1108 and $1102 thereafter.

We prefer to stay long on XAU/USD around $1112, stop loss $1102 and target $1127 levels.

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XAU/USD intraday outlook

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