GOLD Retains Its Downside Pressure With Eyes On 1,276.00 Zone
25 September 2017, 02:11
![FXTechstrategy.com FXTechstrategy.com](https://c.mql5.com/avatar/2018/9/5B96AA38-DB60.jpg)
0
45
GOLD: The commodity closed lower the past week leaving risk of more decline on the cards in the new week. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure targeting the 1,260.00 level. Conversely, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. All in all, GOLD looks to weaken further on bear pressure.