GOLD eyes further recovery pressure as it closed higher the past week. On the downside, support sits at the 1,500.00 level where a break
will turn focus to the 1,490.00 level. Further down, a cut through here will open the door for a move decline towards the 1,480.00
level. Below here if it occurs will trigger further downside pressure aiming at the 1,470.00 level. Conversely, resistance
resides at the 1,520.00 level. Further out, resistance resides at the 1,530.00 level where a break will aim at the 1,540.00 level. A
turn above there will expose the 1,550.00 level. Further out, resistance stands at the 1,560.00 level. All in all, GOLD looks to
correct further higher.
