XAUUSD (1228.33): Gold has been gradually inching higher after clearing the minor resistance level at 1223.50. Price action is likely to continue to the upside with the target level of 1238 being tested in the near term. Alternately, any reversals are likely to see the recently breached resistance level of 1223.50 being tested. A decline below this level could push gold prices down to 1213.50 level which is pending a retest of support.
