GOLD: With GOLD triggering a correction higher during Thursday trading, further bullishness is envisaged. Support stands at the 1,200.00 level.
Below here could trigger further downside towards the 1,180.00 level where a break will aim at the 1,150.00 level. A break will target the 1,130.00 level with a violation turning attention to the 1,100.00 level.
On the upside, resistance lies at the 1,250.00 level where a break will target the 1,280.00 level followed by the 1,300.00 level. A cut through here will extend gains towards the 1,330.30 level. All in all, GOLD remains biased to the upside in the nearer term on correction.
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