XAUUSD (1247.57): Gold prices were seen slipping for a second consecutive day. This follows the doji candlestick that was formed on Monday. The bearish descent could signal a near-term decline in gold prices towards 1241.36 support level. In the near term, any upside gains could be seen capped near the 1252.71 which could act as resistance. Below 1241.36, gold prices could be seen slipping towards the 1224.47 level. This marks a major support level that could be tested in the near term.
