GOLD: Outlook for GOLD continues to remain higher having rallied during Tuesday trading session and following through during Wednesday trading session. However, beware of a corrective pullback as price hesitation could be setting in. Resistance resides at the 1,300 level where a break will aim at the 1,320.00 level. A break of here will turn attention to the 1,350.00 level followed by the 1,380.00 level. A cut through here will extend gains towards the 1,400.00 level. On the downside, support comes in at the 1,250.00 level where a break will aim at the 1,230.00 level. Below here if seen could trigger further downside towards the 1,200.00 level where a break will aim at the 1,180.00 level. All in all, GOLD remains biased to the upside on correction.
GOLD: Outlook for GOLD continues to remain higher having rallied during Tuesday trading session and following through during Wednesday trading session. However, beware of a corrective pullback as price hesitation could be setting in. Resistance resides at the 1,300 level where a break will aim at the 1,320.00 level. A break of here will turn attention to the 1,350.00 level followed by the 1,380.00 level. A cut through here will extend gains towards the 1,400.00 level. On the downside, support comes in at the 1,250.00 level where a break will aim at the 1,230.00 level. Below here if seen could trigger further downside towards the 1,200.00 level where a break will aim at the 1,180.00 level. All in all, GOLD remains biased to the upside on correction.
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