XAUUSD (1295.01): Gold prices struggled near the resistance level of 1290 – 1288 region but was seen attempting to clear this level. Any upside move in prices is likely to see a reversal back to the cleared resistance level where support could be formed. The upside bias will keep gold prices potentially targeting the 1320 – 1324 region of resistance as the next target with the said support level to the downside. In the event of a break down below the 1290 – 1288 region, gold prices could remain mixed with a potential to post further declines down to 1275 – 1273 region.
