XAUUSD (1204.08): Gold prices were seen correcting to the downside after the previous rally saw price rising to a three week high. The retest of the support at 1197.50 indicates a potential reversal that could likely happen. The next main target to the upside is 1219.75 resistance. To the downside, in the event that the support gives way, gold prices could extend lower toward the 1180.25 level.
