XAUUSD (1326.82): Gold prices were seen posting a consolidation just below the 1328 level. Price action has been flat for nearly four days trading around the major resistance level. To the upside, a break above 1328 could see gold prices testing the falling trend line which could act as dynamic resistance. Further gains can be expected only on a close above the trend line. Alternately, a reversal around the 1328 region could signal gold prices slipping back to the 1307 level of support.
