XAUUSD (1282.90): Gold prices continued to trade flat within the 1285 and 1274 levels. Price action is showing a steady ascending triangle pattern that is being formed. This puts the upside breakout that could push gold prices towards 1295 level. Resistance is seen at 1300 which could be tested upon a successful upside breakout. Alternately, in the event that gold prices slip below 1274, the ascending triangle could be invalidated pushing gold prices lower towards 1262 handle.
