GOLD: Outlook for GOLD may remain biased to the downside in the medium term, but it faces a recovery higher threat. Support comes in at the 1,069.46 level where a break will aim at the 1,050.00 level. A cut through here will open the door for move lower towards the 1,030.00 level. Below here if seen could trigger further downside pressure towards the 1,000.00 level. On the upside, resistance resides at the 1,210.08 level where a break will aim at the 1,225.000 followed by the 1,250.00 level. A violation of here will turn attention to the 1,270.00 level followed by the 1,180.00 level.. All in all, GOLD remains biased to the downside medium term but faces corrective recovery threats.
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