GOLD: Pulls Back, Vulnerable.
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GOLD: Unless the commodity returns above the 1,488.00 level, there is risk of further downside in the days ahead. On the downside, support comes in at the 1,403.66 level where a breach will target the 1,385.00 level. A violation will aim at the 1,350 level and then the 1,321.79 level. On the upside, GOLD will have to return above the 1,488.00 level to resume its recovery. Further out, resistance is seen at the 1,590.40 level followed by the 1,619 level. All in all, GOLD remains on corrective recovery mode in the short term though vulnerable.