XAUUSD (1212.34): Gold prices have settled into a tighter rage, for the most part, this week. The sideways price action is expected to continue until a clear breakout emerges. With prices stalling near previous lows of 1204, the bias remains mixed. Gold is seen trading within the 1219 and 1211 range for the moment. Any retracement off the current lows could see a medium-term correction toward 1267 level which will mark a 38.2% retracement.
