XAUUSD (1201.21): Gold prices managed to post some gains on Thursday as price action rallied past the 1197.50 handle. With this level likely to turn to support, we expect further gains to push the price of the precious metal to 1219.75. In the near term, gold prices could remain flat within these two levels. A breakout above 1219.75 will likely push prices higher to the next main target of 1242.25. To the downside, we expect the support at 1183.29 to be tested.
