Gold Bulls Aim At Higher Prices

Gold: With the commodity rejecting lower level prices to close strongly higher the past week, gold bulls aim at higher prices. However, beware of a corrective pullback at ahead of its resistance at the 1098.09 level. Above here if seen target the 1110.00 level where a break will aim at the 1120.00 level. A turn above there will expose the 1130.00 level. Further out, resistance stands at the 1100.00 level. On the downside, support comes in at the 1075.00 level where a break will turn attention to the 1065.00 level. Further down, a cut through here will open the door for a move lower towards the 1050.00 level. Below here if seen could trigger further downside pressure targeting the 1040.00 level. All in all, gold aims at higher prices having rallied strongly the past week.