GOLD Looks To Build Up On Recovery Strength Above the 1100.00 Zone

[FXTechstrategyTeam]

GOLD: Having the commodity continued to hold on to its recovery strength, GOLD looks to build up on recovery strength above the 1100.00 zone. On the downside, support comes in at the 1110.00 level where a break will turn attention to the 1100.00 level. Further down, a cut through here will open the door for a move lower towards the 1090.00 level. Below here if seen could trigger further downside pressure targeting the 1080.00 level. Conversely, resistance resides at the 1130.00 level where a break will aim at the 1140.00 level. A turn above there will expose the 1150.00 level. Further out, resistance stands at the 1160.00 level. All in all, GOLD looks to build up on recovery strength above the 1100.00 zone.