XAUUSD (1201.94): Gold prices were seen holding up above the 1196.10 support level. Price action is seen trading flat currently above this level. The resistance level at 1212.20 could be tested in the near term. Only a breakout above this level will trigger further gains to the upside. To the downside, a breakout below 1196.10 could trigger declines down to the 1186.14 – 1183.30 level.

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