GOLD: Vulnerable Below Key Resistance

GOLD: The commodity continues to face downside pressure as it trades below its key resistance at 1,335/58 zone. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level.

Strategy: Sell at 1,318.12, Stop loss at 1,325.00, Price target at 1,303.00 & 1,290.00