XAUUSD (1210.02): Gold prices remain firm near lows below the 1211.50 region. Price action formed an inside bar on Monday’s session, which could signal a potential breakout. With the downside momentum strongly established, we expect to see a possible breakdown which could push Gold prices even lower. To the upside, the minor double bottom pattern on the 4-hour chart could signal an imminent upside breakout. The resistance at 1219.75 will need to be cleared to confirm the correction toward 1242.25
