GOLD: With GOLD closing higher the past week, it looks to resume its corrective recovery in the new week. In such a case, the 1,240.00 level will be targeted where a break will aim at the 1,250.00 level. A break of here will turn attention to the 1,280.00 level followed by the 1,300.00 level. A cut through here will extend gains towards the 1,330.00 level. On the downside, support comes in at the 1,200.00 level where a break will aim at the 1,180.00 level. Below here if seen could trigger further downside towards the 1,150.00 level where a break will aim at the 1,130.00 level. All in all, GOLD remains biased to the upside on correction.
GOLD: With GOLD closing higher the past week, it looks to resume its corrective recovery in the new week. In such a case, the 1,240.00 level will be targeted where a break will aim at the 1,250.00 level. A break of here will turn attention to the 1,280.00 level followed by the 1,300.00 level. A cut through here will extend gains towards the 1,330.00 level. On the downside, support comes in at the 1,200.00 level where a break will aim at the 1,180.00 level. Below here if seen could trigger further downside towards the 1,150.00 level where a break will aim at the 1,130.00 level. All in all, GOLD remains biased to the upside on correction.
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