With a loss of upside momentum turning GOLD lower for most of the week to close marginally higher and form a shooting star candle, a tone for more weakness may have been set. Though the commodity retains its broader longer term uptrend its failure after printing a new high at 1,251.89 suggests a corrective to consolidation bias in the days ahead. Strong support lies at the 1,166.03 level while resistance resides at the 1,251.89 level. Beyond there will clear the way for a run at the 1,300 level and next the 1,350 level. Alternatively, a violation of the 1,166.03 level will set the stage for further weakness towards the 1,156.90 level and then the 1,123.70 level. All in all, the commodity may be biased to the upside longer term but now looks to correct lower while it holds below the 1,251.89 level.