XAUUSD (1312.49): Gold maintained its sideways range near the top end of the rally. Price action remained choppy while the ascending triangle pattern remains intact near the top. The upside breakout could potentially trigger further gains as gold will then need to test the resistance at 1321.25. With the daily chart’s bullish flag still intact, there is a scope that the upside momentum could push prices higher. To the downside, gold prices will need to a breakdown below the minor rising trend line to invalidate the upside bias
