GOLD: Holds Above Key Support

GOLD: The commodity held off lower prices to close marginally higher on Monday. This development leaves GOLD threatening further upside pressure on correction. On the downside, support comes in at the 1098.00 level where a break will aim at the 1090.00 level. A cut through here will open the door for move lower towards the 1080.00 level. On the upside, resistance resides at the 1120.00 level where a break will aim at the 1135.000. We look to buy GOLD

Strategy: Buy at 1105.50, Stop loss at 11090, price target at 1125.00 & 1,135