XAUUSD (1297.89): Gold prices were broadly muted on Monday with price action trading below the resistance level of 1304 – 1301 level. Failure to breakout above this level has kept price action muted with the potential to test the lower support at 1282 once again. To the upside, only a strong close above 1304 level could trigger an upside correction. The resistance level at 1325 is expected to be the next level of target.
