GOLD Sees Bear Pressure On Corrective Weakness

[FXTechstrategy.com]

GOLD: With the commodity continuing to face downside pressure, more weakness is envisaged. On the downside, support comes in at the  1,310.00 level where a break will turn attention to  the 1,300.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,290.00 level. Below here if seen could  trigger further downside pressure targeting the  1,1280.00 level. Conversely, resistance resides at  the 1,335.00 level where a break will aim at the  1,345.00 level. A turn above there will expose the  1,350.00 level. Further out, resistance stands at  the 1,360.00 level. All in all, GOLD looks to  strengthen further but faces bear threats.