XAUUSD (1331.02): Gold prices continue to remain trading flat with price action seen trading subdued. Yesterday’s session saw gold prices supported near 1324.72. This puts the bias to the upside with the target of 1345.87 in sight. Given that there is an unfilled gap at this level, gold prices could be aiming to close this gap. However, the gains are likely to come by next week, closer to the FOMC meeting. To the downside, the support at 1324.72 remains a key level as a break down below could signal further decline towards 1300.86.
