XAUUSD (1328.15): Gold prices attempted to rebound yesterday but the gains were erased rather quickly. The current decline could see gold prices testing the support level at 1325.50 level. This could mark a short term lower high that could suggest a possible correction to the upside. The resistance level at 1344.00 remains a key level of interest which gold prices could test in the near term if the support level at 1325.50 holds. In the event of a break down below 1325.50, we expect to see a short term new low being posted.
