- Pair is currently trading at $1208 level.
- It made intraday high at 1210 and low at 1204 levels.
- Intraday bias remains bullish above key support level at $1190.
- A daily close above $1213 is required to take the parity towards $1250 mark.
- Key support levels are seen at $1195, $1190 and $1187 thereafter.
- On the other side, resistance levels are seen at $1213, $1216 and 1222 thereafter.
We prefer to take long position in XAU/USD around $1206, stop loss $1195 and target $1216/$1222.
