XAUUSD (1193.98): Gold prices remain trading flat with a lot of consolidation taking place around the 1197.50 level. Price action has been trading within the larger triangle pattern. The risks are equally balanced with gold prices likely to move in either direction. To the upside, the target at 1219.75 remains in question while to the downside, the declines could stall at 1183.30 level of support. The overall trend in gold prices remains to the downside for the moment.
