XAUUSD (1344.91): Gold prices were seen easing back after initially rising on the day on Monday. Price action is seen retreating following the brief rally to 1347 level. The downside momentum could push gold prices to test the old support level at 1336. To the upside, gold prices will have to post a higher high above the recent highs near 1347. This will put the previous resistance level at 1357 back into target to the upside.
