GOLD: The commodity looks to weaken further in the new week despite its price hesitation on Friday.
On the downside, support comes in at the 1,190.00 level where a break will turn attention to the 1,180.00 level. Further down, a cut through here will open the door for a move lower towards the 1,170.00 level.
Below here if seen could trigger further downside pressure targeting the 1,160.00 level. Conversely, resistance resides at the 1,210.00 level where a break will aim at the 1,220.00 level. A turn above there will expose the 1,230.00 level.
Further out, resistance stands at the 1,240.00 level.
All in all, GOLD looks to weaken further lower in the new week
