XAUUSD (1282.57): Gold prices attempted to rally off the 1280 support only to form a lower high. Following this, price action pushes lower. A retest of the 1280 handle is quite likely. As long as the support holds, we can expect gold prices to maintain the gains with a possible retest back to the highs. Alternately, failure to hold the support at 1280 could trigger a potential decline to the 1250 handle where support is pending retest.
