XAUUSD (1318.93): Gold prices once again closed with a doji pattern on Monday but price action was confined to last Friday’s range. We expect a downside breakout in price which could see gold prices testing the previous lows around 1307 – 1303 region to establish support at this level. In the event that gold prices post further declines, a retest of the lower support at 1282 – 1274 could be in play
