XAUUSD (1317.52): Gold prices were seen closing on a bearish note as price slipped to an 11-day low. The declines mark the continuation to the downside with gold prices likely to test the next support level at 1303 region. A retest of this level could see support being established in the near term. Gold prices are likely to drift sideways following the retest of the support level near 1303. Further declines can be expected only on a close below this support level in which case, gold prices could see testing the next lower support at the 1282 region.
: Gold prices were seen closing on a bearish note as price slipped to an 11-day low. The declines mark the continuation to the downside with gold prices likely to test the next support level at 1303 region. A retest of this level could see support being established in the near term. Gold prices are likely to drift sideways following the retest of the support level near 1303. Further declines can be expected only on a close below this support level in which case, gold prices could see testing the next lower support at the 1282 region.){kind=link}