Gold - Gold pulls back but approaching key support levels

Gold held just above 1220.00 support last week after briefly dipping below it early on in the week. Given the recent bearish momentum in this market, the price could still continue to track lower this week, however, with major support levels approaching, we would ideally prefer to be buyers of this market. We remain bullish whilst price is above 1200.00 key support level and are watching closely for obvious 1 hour, 4 hour or daily chart buy signals.