XAUUSD (1347.48): Gold prices managed to rebound from 1336 level after the precious metal gave up the gains initially from 1357 level. The sideways range could be maintained within these levels in the near term with the likelihood that gold prices could once again test the support at 1336 level to establish firm support. In the near term, we expect gold prices to move sideways with a breakout from the established support and resistance level likely to provide the next leg in the direction of the trend
