XAUUSD (1239.73): Gold prices recovered from the interday pull back to advance gains. Price action retested the resistance level of 1242.25 once again only to reverse the gains. The current pullback could see yet another attempt to breach the resistance level. Failure to close above the resistance level could potentially confirm the downside correction to 1227.10. Alternately, a successful break of the resistance level could trigger further gains as gold is likely to target 1280.
