Gold is likely to witness a corrective pullback towards USD 1286 ahead of extending gains towards USD 1315/20 in coming week. Gold prices are gaining sharply after posting a low of USD 1236 and has managed to break above USD 1299 but the bullish momentum is likely to fade around USD 1320/1334 where the prices are likely to witness a sharp fall retesting the lows of USD 1236.
