XAUUSD (1323.56): Gold has advanced gains for the third consecutive daily session, as price tested intraday highs of 1326 before easing back. With the resistance level at 1321.27 being cleared, the current retracement could see a retest of the breached resistance level. Forming support at 132127 could signal a potential rebound to this upside. This would also validate the bullish flag pattern on the daily chart. The upside is at 1347 which remains the next main target. If gold prices fail to hold the support at 1321.27, then we could expect to see the downside prevailing with a correction toward the 1300 level of support.
