XAUUSD (144.94): Gold prices briefly tested the highs of 1250 before giving up the gains. Price action, however, retesting the support at the 1240 handle. As long as this support holds, the bias in gold remains to the upside. Yet, if the support at 1240 fails, gold prices could be extending the declines. The lower support at 1227.10 remains a key support area that is pending retest.
