GOLD Remains Vulnerable With Further Decline Expected

GOLD eyes further weakness as it faces more bear pressure in the new week. On the downside, support sits at the 1,480.00 level where a break will turn focus to the 1,470.00 level. Further down, a cut through here will open the door for a move decline towards the 1,460.00 level. Below here if it occurs will trigger further downside pressure aiming at the 1,450.00 level. Conversely, resistance resides at the 1,500.00 level. Further out, resistance resides at the 1,510.00 level where a break will aim at the 1,520.00 level. A turn above there will expose the 1,530.00 level. Further out, resistance stands at the 1,540.00 level. All in all, GOLD looks to weaken further on corrective pullback pressure.