XAUUSD (1257.03): Gold prices managed to maintain the bullish momentum as price action rose close to the resistance level near 1263. In the near term, the retracement indicates that price could pull back toward the 1250 handle. As long as price action is supported above 1247 we expect gold prices to remain biased to the upside. A breakout above 1263 resistance is needed for prices to extend the gains toward the 1282.50 handle.
