XAUUSD (1338.05): Gold prices posted strong gains on the day following last Thursday’s doji candlestick pattern. Price rallied close to the 1345 handle before giving up the gains promptly. We expect gold prices to resume the sideways range within 1345 and 1336 level with a breakout from this range likely to push gold prices back to the 1328 handle. Below this level, further declines could send gold prices falling toward the 1307 level of support.
