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FxWirePro: Gold Remains supported Above $1250 in Asian Hours, Good to Buy on Dips
20 April 2016, 06:08
![Roberto Jacobs Roberto Jacobs](https://c.mql5.com/avatar/2015/6/55706E50-4CAE.jpg)
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FxWirePro: Gold Remains supported Above $1250 in Asian Hours, Good to Buy on Dips
- XAU/USD is currently trading around $1254 mark.
- It made intraday high at $1257 and low at $1249 levels.
- Intraday bias remains bullish till the time pair holds immediate support at $1242 marks.
- A daily close above $1257 is required to take the parity up towards $1270 marks again.
- On the top side, key resistances are seen around $1257, $1262 and $1272 levels.
- Alternatively, a sustained break below $1237 will drag the parity down towards key support levels at $1227, $1222 and $1212 marks respectively.
We prefer to take long position in XAU/USD only above $1252, stop loss $1242 and target $1268 marks.
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