XAUUSD (1219.57): Gold prices are trading back the support level of 1219. The downside breakout from the minor ascending triangle pattern signals a possible move to the downside. If gold prices clear the support at 1219, we could expect the losses to push lower to the previously established lows of 1211 region. To the upside, a rebound is required in order to clear the upside toward 1242 resistance.
