XAUUSD (1215.17): Gold prices continue to maintain the gains, but price action is seen stalling near the previously established local highs. With the Stochastics oscillator showing a hidden bearish divergence, there is a risk of a correction to the downside. The breached resistance area of 1204.08 is likely to be tested in the near term for support if the divergence is validated. Alternately, price action could extend the gains to the upside, targeting 1223.50 level.
