XAUUSD (1351.71): Gold prices posted strong gains yesterday supported by the ongoing uncertainty in the geo-politics. The precious metal rallied to test the highs of 1365.30 before easing back from the intraday highs. The reversal comes at a familiar level where previously gold prices retreated. To the downside, the declines could see gold prices falling back to test the lower support at 1336 level. To the upside, we expect to see some consolidation taking place near the minor resistance level of 1357.
