XAUUSD (1328.07): Gold prices formed a doji pattern on Thursday following the previous two days of strong declines. The doji comes just below the 1328 level. A bullish close today could signal some near term correction in prices. Resistance at 1336 is seen which could come in as the first level of resistance and could keep gold prices caught within the range of 1336 and 1328 region. A breakout from either of these levels could determine the next leg of direction in the broader downtrend.
