XAUUSD (1287.42): After gold prices formed a doji pattern for three consecutive sessions, price action is likely to signal a breakout from this range. The lower support at 1280 is likely to be breached to the downside. The support has been tested briefly twice and price action swiftly retraced the losses. To the upside, 1291.00 has formed as a minor resistance level. A breakout from this level to the upside will trigger a correction that could push gold prices toward 1306 level initially.
