GOLD nearer term price weakness remains valid as it looks for more weakness. On the downside, support comes in at the 1,390.00 level
where a break will turn attention to the 1,380.00 level. Further down, a cut through here will open the door for a move lower
towards the 1,370.00 level. Below here if seen could trigger further downside pressure targeting the 1,360.00 level.
Conversely, resistance resides at the 1,400.00 level. Further out, resistance resides at the 1,410.00 level where a break
will aim at the 1,420.00 level. A turn above there will expose the 1,430.00 level. Further out, resistance stands at the
1,440.00 level. All in all, GOLD looks to strengthen further in the short term.
