XAUUSD (1341.40): Gold prices edged higher on the day breaking above the 1336 handle. We expect the upside momentum to continue with the risk of gold prices falling back to 1336 handle to establish support. A rebound off this level will confirm the upside bias in gold prices. The next target comes in at 1344 level and in the near-term gold prices could pull back from the current highs and maintain a sideways range.
