XAUUSD (1317.41): Gold prices were seen consolidating around the 1311 – 1307 level of support with price action closing on Friday above this level. In the near term, gold prices could potentially push higher with the resistance level at 1325 to be the likely target. A breakout above this level could signal a further continuation to the correction. For the moment, the downside looks limited with any dips likely to be supported near the current price levels.
