XAUUSD (1254.20): Gold prices maintain their subdued price action with the precious metal seen giving up some of the gains earlier today. There is scope for a bullish flag pattern to be validated. This could potentially keep price action to trend higher. The support at 1252.4 remains a key level. As long as this minor support holds, gold prices are likely to target the resistance at 1263 with further gains on a breakout seen pushing the precious metal to 1273.47 which marks the measured move of the bullish flag pattern.
