GOLD: Maintains Downside Pressure Towards 1,302.00 Zone

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FXTechstrategy.com
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GOLD: With the commodity continuing to hold on to its downside pressure, more weakness is envisaged in the new week. On the downside, support comes in at the 1,300.00 level where a break will turn attention to  the 1,290.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,280.00 level. Below here if seen could  trigger further downside pressure targeting the  1,270.00 level. Conversely, resistance resides at the 1,320.00 level where a break will aim at the  1,330.00 level. A turn above there will expose the  1,340.00 level. Further out, resistance stands at  the 1,350.00 level. All in all, GOLD looks to  weaken further on correction.

  

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