XAUUSD (1202.64): Gold prices extended the declines as it slipped below 1204 level of support. However, with price action closing with a doji pattern, a bullish follow through here could confirm the near-term upside. The resistance level at 1223.50 is the first target that could be tested to the upside. Alternately, if gold prices extend the declines below 1204, then the declines could push the price of the precious metal down to 1185.70 level of support.
