![FXWIREPRO: Gold Breaks Key Resistance at $1252, Good to Buy on Dips FXWIREPRO: Gold Breaks Key Resistance at $1252, Good to Buy on Dips](https://c.mql5.com/6/727/splash-667351.png)
FXWIREPRO: Gold Breaks Key Resistance at $1252, Good to Buy on Dips
12 April 2016, 06:41
![Roberto Jacobs Roberto Jacobs](https://c.mql5.com/avatar/2015/6/55706E50-4CAE.jpg)
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FXWIREPRO: Gold Breaks Key Resistance at $1252, Good to Buy on Dips
- XAU/USD is currently trading around $1254 mark.
- It made intraday high at $1259 and low at $1253 levels.
- Intraday bias remains bullish till the time pair holds key support at $1248 marks.
- A daily close above $1258 is required to take the parity up towards $1272 marks.
- On the top side, key resistances are seen around $1258, $1262 and $1267 levels.
- Alternatively, a sustained break below $1248 will drag the parity down towards key support levels at $1232, $1227, $1212 and $1190 marks respectively.
We prefer to take long position in XAU/USD at $1253, stop loss $1250 and target $1268 marks.
The material has been provided by InstaForex Company - www.instaforex.com