XAUUSD (1305.02): Gold maintained the gains on Tuesday as price action advanced to test 1305 level earlier today. The Stochastics oscillator is maintaining the hidden bearish divergence currently and could trigger a possible move to the downside. The lower support at 1290.39 could be tested more firmly if there is a reversal at the 1305 – 1306 level. If gold maintains the bullish momentum, we can expect the 1305 – 1306 level to clear, with further gains likely to push gold prices to the 1322 – 1319 level. There, resistance will be tested.
