XAUUSD (1291.60): The consolidation in gold prices continued with price action trading tighter into a range. This potentially opens the upside to price action which could see the ascending triangle being validated. A close above 1296 could see price posting gains towards 1310 at the very least. Alternately, to the downside, the declines are likely to stall near the 1280 support which has managed to hold the drops so far.
