GOLD: Having capped its gain ahead of its key resistance at 1,204.15 level, more weakness is expected. Resistance resides at the 1,210.00 level where a break will aim at the 1,224.00 followed by the 1,240.00 level. A violation of here will turn attention to the 1,250.00 level followed by the 1,270.00 level. Conversely, support comes in at the 1,190.00 level where a break will aim at the 1,180.00 level. A cut through here will open the door for move lower towards the 1,160.00 level. Below here if seen could trigger further downside pressure towards the 1,140.00 level. All in all, GOLD continues to face corrective recovery threats.
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