XAUUSD (1297.51): Gold prices have maintained their sideways range for nearly two weeks so far. Price action has failed to make a convincing breakout above 1304 – 1301 level of resistance. This is likely to signal that the sideways range could continue for the near term. The downside test toward 1282 remains a possibility unless gold prices can breakout above the resistance level. A retest of 1325 level where resistance is pending a retest is likely to the upside.
