XAUUSD (1214.65): Gold prices extended the declines strongly after a few sessions of trading flat. The declines came as price broke past the support level at 1223.50 pushing prices lower. For the moment, the precious metal seems to be bouncing off the temporary support mentioned at 1213.50. A reversal off this level could drive gold prices back to testing the 1223.50 where resistance could be established. Alternately, a break down below 1213.50 could trigger further declines down to the 1204.08 level
