XAUUSD (1295.19): Gold prices continue to remain consolidating near the current levels. Price action is seen stuck between the 1304 – 1301 level of resistance and 1282 level of support. We expect this sideways movement to continue until price breaks out from either of these levels. To the upside, a close above 1304 – 1301 resistance could signal a move toward 1325 level. To the downside, a break down below 1282 would keep gold prices subdued to test the 1250 support.
