- Pair is currently trading at $1228 levels.
- It made intraday high at $1232 levels and low at $1224 marks.
- Pair is trading range bound from $1190 to $1240 mark.
- Intraday bias remains bullish above till the time pair holds key support level at $1200 levels.
- Alternatively, a daily close below $1195 mark will turn the bias bearish again.
- Major support levels are seen at $1222, $1218 and $1207 thereafter.
- Key resistance levels are seen at $1242, $1252 and $1268 levels.
We prefer to take long position in XAU/USD around $1227, Stop loss $1218 and target $1252 levels.
