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GOLD may be biased to the upside in the medium term but faces pullback risk after rejecting higher prices on Friday. On the downside,
support comes in at the 1,420.00 level where a break will turn attention to the 1,410.00 level. Further down, a cut through here will
open the door for a move lower towards the 1,400.00 level. Below here if seen could trigger further downside pressure targeting the
1,390.00 level. Conversely, resistance resides at the 1,430.00 level. Further out, resistance resides at the 1,440.00 level
where a break will aim at the 1,450.00 level. A turn above there will expose the 1,460.00 level. Further out, resistance stands at
the 1,470.00 level. All in all, GOLD looks to strengthen further in the short term.