XAUUSD (1283.81): Gold prices tested the 1280 handle which looks to act as support. As long as this support holds, gold could extend the gains back to the 1290.77 level which marked the downside breakout from the triangle pattern. This could potentially result with the 1280 support being tested once again. A break down below 1280 would test the 1250 support that is pending retest. If the support holds, gold prices could maintain the sideways range as it did over the past few weeks.
