GOLD trades below key support on correction as it remains vulnerable. On the downside, support comes in at the 1,520.00 level where a break
will turn attention to the 1,510.00 level. Further down, a cut through here will open the door for a move lower towards the 1,500.00
level. Below here if seen could trigger further downside pressure targeting the 1,490.00 level. Conversely, resistance resides at
the 1,540.00 level. Further out, resistance resides at the 1,550.00 level where a break will aim at the 1,560.00 level. A turn above
there will expose the 1,570.00 level. Further out, resistance stands at the 1,580.00 level. All in all, GOLD looks to weaken further on
corrective pullbacks.
