The following commentary comes from an independent investor or market observer as part of TheStreet‘s guest contributor program, which is separate from the company’s news coverage.

NEW YORK (TheStreet) – While gold remains under corrective pullback pressure, its overall long-term bullish outlook is still valid.

With a follow-through lower seen in today’s trading session, the commodity could face further downside pressure towards the 1,380.85 level, its March 15, 2011 low.
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Originally from TheStreet