XAUUSD (1213.68): Gold prices were seen trading flat with price action continuing to consolidate near the 1211 region. With the minor resistance level at 1219.75 holding out currently, Gold prices could be seen pushing lower. Unless the resistance level is breached, the price of the precious metal could remain under pressure. To the upside, above 1219.75 further gains could trigger a move toward the 1242.25 region. To the downside, there is a risk that Gold prices could extend its declines down to the support region of 1200.00 region
