XAUUSD (1329.90): Gold prices broke out to the upside with price closing above the 1328 handle. The near term declines could be seen supported with a retest of 1328 level. As long as this level holds, gold prices could be seen pushing higher, potentially targeting the 1357 level as the next upside target. To the downside, in the event that 1328 fails to hold as support, we expect gold prices to settle back into the range trading within the 1328 and 1307 levels in the near term.
