XAUUSD (1310.43): Gold prices posted a strong decline on the day as price action slipped below the 1311 – 1307 level of support. Gold prices briefly dropped to the 1301.80 level before recovering. With price action back in the support zone, only a clean breakout above 1311 will signal further gains. To the downside, we expect price action to be limited at the current levels. The previously breached support level at 1325 remains the upside target which could be tested for resistance
