GOLD: With GOLD halting its weakness ahead of its key support at 1,142 zone, a move higher is envisaged. Support comes in at the 1,150.00 level where a break will aim at the 1,140.00 level. A cut through here will open the door for move lower towards the 1,120.00 level. Below here if seen could trigger further downside pressure towards the 1,100.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance resides at the 1,165.00 level where a break will aim at the 1,175.00 followed by the 1,185.00 level. A violation of here will turn attention to the 1,200.00 level followed by the 1,224.00 level. All in all, GOLD continues to face corrective pullback threats.
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